Sentences with phrase «made on a pretax basis»
Not exact matches
A 401 (k) plan is a qualified employer - established plan to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and / or pretax basis.
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HSAs have a triple - tax benefit: Contributions are either tax deductible or pretax, savings grow on a tax - free basis and users can make tax - free withdrawals for qualified medical costs.
Like a 401 (k) plan, a 403 (b) plan enables one to make contributions to the plan on a pretax basis.
An employee making $ 3,000 a month will contribute 20 %, or $ 600, of their pay on a pretax basis to a 401 (k) which funds their retirement.
401k Retirement Plan - Allows eligible employees to make salary deferral (salary reduction) contributions on a pretax and / or post-tax basis.
Edelman's view is based on the fact that self - employed people can often qualify to make pretax contributions to other types of retirement plans.