Employer sponsored retirement plan

Employer sponsored retirement plan,

Definition of Employer sponsored retirement plan:

  1. Usually a defined contribution and tax-favored retirement plan which is partially or fully funded by the sponsoring employer. The employers contributions (and those of the employees, if they too contribute to the plan) are commonly deductible from their respective incomes. Also called employer funded retirement plan.

Meaning of Employer sponsored retirement plan & Employer sponsored retirement plan Definition