Type of savings account offered through an employer that allows employees to contribute money to the account which is then pool together and invested. An employee savings plan has similar characteristics of a 401(k) plan. The employer may match the contribution that the employee makes. The employer may require that the individual be employed for a certain amount of time before it starts matching contributions.
Related information about employee savings plan:
- Employee Savings Plan Definition | Investopedia
A pooled investment account provided by an employer that allows employees to set aside a portion of their pretax wages for retirement savings or other ...
- A Look at the Employee Savings Plan - Financial Web
An Employee Savings Plan is a retirement account option business owners can present to their employees. Similar to a 401k option, these accounts use pre-tax ...
- Employee Savings Plan: Definition from Answers.com
Employee Savings Plan Group savings plan, involving tax-deferred employee contributions to a pooled investment account.
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The BP Employee Savings Plan is a 401(k) plan that lets you save a percentage of your eligible pay, up to legal limits, toward your retirement. You can elect to ...
- employee savings plan - The Free Dictionary
Noun, 1. employee savings plan - a plan that allows employees to contribute to an investment pool managed the employer. plan, program, programme - a series ...
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The Prudential Employee Savings Plan (PESP) PESP is a tax-qualified ... Prudential Supplemental Employee Savings Plan (SESP) You are qualified for SESP if ...
- PERS Voluntary Savings Plan (VSP) - Administration - State of Alaska
... the following form and return to the division: Voluntary Employee Savings Plan Enrollment, Change, Discontinuation or Withdrawal (pers050) [PDF 99K] ...
- What is employee savings plan? definition and meaning
Definition of employee savings plan: Type of savings account offered through an employer that allows employees to contribute money to the account which is ...