Defined contribution definition

Defined contribution plan fraction" - The sum, as of the close of the Limitation Year, of the Annual Additions to the Participant's Account under the defined contribution plan(s) -------------------------------------------------------------- The sum of the lesser of the following amounts determined for the Limitation Year and for each prior Year of Service with the Employer:(i) 125% (subject to the "100% limitation" in paragraph (l)) of the dollar limitation in effect under Code Section 415(c)(1)(A) for the Limitation Year (determined without regard to the special dollar limitations for employee stock ownership plans), or (ii) 35% of the Participant's Compensation for the Limitation Year
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Defined contribution. PLAN A Plan under which individual accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant's benefit under such Plan is based solely on the fair market value of his or her account balance.
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Defined contribution. ’ means a contribution made to a retirement fund either by an employer, or an employee where the employee carries the investment risk and the benefits are paid based on the total contributions made plus interest;
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Examples of Defined contribution in a sentence

  • Defined contribution plans The pension plan under the Labor Pension Act of ROC (the “LPA”) is considered as a defined contribution plan.

  • Defined contribution plansThe Company offers group defined contribution plans to eligible employees whereby the Company matches employees' contributions up to a fixed percentage of the employee's salary.

  • Defined contribution plan The employee pension plan under the Labor Pension Act of the R.O.C. is a defined contribution plan.

  • Defined contribution plans do not involve any obligations beyond the payment of contributions to dedicated pension institutions.

  • Defined contribution plan A defined contribution plan is a post-employment benefit plan under which the Company pays fixed or matching contributions based on employee contributions into a separate legal entity and has no further legal or constructive obligation to pay additional amounts.


More Definitions of Defined contribution

Defined contribution or “DC” means a common type of pension where contributions are held in investments until the holder reaches their chosen retirement age;
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Defined contribution means the amount that is contributed every month during your career into your retirement account will be the same percentage of your wage. The amount of funds you will have upon retirement depends on the market and how well you invest the dollars.
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Defined contribution simply means that the government’s contribution to premiums is the same across all the health plans.
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Defined contribution has the meaning given to it in the Railways Arrangement" Pensions Scheme;
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Defined contribution or “DC Pension” means a pension that pays out a non- guaranteed and unspecified amount depending on the defined contributions made and the performance of investments.
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Defined contribution. “DC,” or “DC Program” means the Defined Contribution Plan established under Article IV, or the Defined Contribution component of the Hybrid Plan established under Article V.
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Defined contribution means there is no guarantee of benefits
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