Sentences with phrase «salary reduction plans»

The government now offers two kinds of benefits: a dependent - care tax credit — equal to 20 to 30 percent of expenses, depending on parents» income level — that limits expenses to $ 2,400 for one child or $ 4,800 for two or more children; and so - called «salary reduction plans» that permit parents to have day - care costs withheld from their salary and reimbursed by employers without being taxed.

A 401 (k) plan can be a «cash election» profit - sharing or stock bonus plan, or a salary reduction plan.

Not exact matches

Question: Will the fiduciary standard for brokers compel employers that offer salary reduction retirement savings plans ie 401 (k), 457 (b), 403 (b) to make sure that no - load / de minimis cost investment funds are on the plan's investment menu?

The Internal Revenue Service allows individuals who are age 50 or older by the end of the calendar year to make extra pre-tax contributions to their work - sponsored retirement plan account (s), including their 401 (k), 403 (b), Salary Reduction Simplified Employee Pension Plan, or governmental 457 plan account (s), including their 401 (k), 403 (b), Salary Reduction Simplified Employee Pension Plan, or governmental 457 Plan, or governmental 457 (b).

This been accomplished in several ways: 85 % have scaled back on their exploration and development plans; 68 % have reduced their marketing and investor relations budget; 60 % have already begun laying off existing employees; 40 % have implemented organization - wide hiring restrictions; 34 % noted a reduction or elimination of incentive pay; and 32 % have made salary cuts.

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.

His multi-part plan, among other things, calls for a 2 percent cap on property taxes; no increase in sales, income and business taxes; a freeze on public - union salaries — and a reduction of government agencies by one - fifth.

TIAA UWS Retirement Plan * Staff Salary Reduction Form * Faculty Salary Reduction Form * Name Change * Summary Plan Description *

Teachers in the ERPaid plan should be credited with their portion of the contribution they make through salary reductions or other means.

In the ERPaid plan, the employer pays the entire contribution to the retirement system, with teachers contributing through a salary reduction or in lieu of a pay increase.

The school system is planning a salary freeze — the reduction of 250 teaching positions through retirement, which would result in larger class size.

Under North Carolina's new principal pay plan, this school leader could see a reduction in her annual salary by nearly $ 20,000 next year.

Contributions to the plan are tax - deductible and the employer must match up to 3 % of the contributions or make a nonelective (not based on salary reduction) contribution.

If an employee participates in multiple cafeteria plans offering health FSA's maintained by members of a controlled group or affiliated service group, the employee's total health FSA salary reduction contributions under all of the cafeteria plans are limited to $ 2,500.

It's a salary reduction self - employed pension plan, is what it is.

Savings Incentive Match Plan for Employees (SIMPLE) allow employees to make salary reduction contributions while the employer can make matching contributions directly to an IRA set up for each employee.

401k Retirement Plan - Allows eligible employees to make salary deferral (salary reduction) contributions on a pretax and / or post-tax basis.

A SARSEP is a Salary Reduction Simplified Employee Pension Plan.

Also called salary reduction contributions, these are the most common types of contributions to retirement plans.

(C) In the case of an employee who is eligible to purchase coverage under an eligible employer - sponsored plan sponsored by the employee's employer, the required contribution is the portion of the annual premium that the employee would pay (whether through salary reduction or otherwise) for the lowest cost self - only coverage.

Although employers pay for HRAs, an HRA can not be provided by salary reduction or IRC Sec. 125 plans.