Employee Savings Plan

Dictionary Says

Definition of 'Employee Savings Plan'

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 long-term goals (i.e. paying for college tuition, purchasing a home). Many employers match their employees' contributions up to a certain dollar amount, or by a certain percentage.
Investopedia Says

Investopedia explains 'Employee Savings Plan'

Employees are always fully vested in their own employee savings plan (ESP) contributions. However, many plans require that employees remain employed for a minimum amount of time before they are vested and eligible to withdraw employer-matched funds. ESPs can be an attractive and relatively easy way for employees to lower their taxes and save for long-term goals.

Articles Of Interest

  1. How After-Tax Rollovers Affect Your IRA

  2. Saving For Retirement: The Quest For Success

  3. How To Save More For Your Retirement

  4. Don't Forget The Kids: Save For Their Education And Retirement

  5. My company is the trustee of our 401k plan (which has 112 participants). What are the pros and cons of having the company instead of the plan provider/vendor as the trustee?

    The answer may vary depending on the plan provider and the provisions of the plan document. For questions relating to a specific issue, the employer should consult with an ERISA attorney, who ...
  6. Retirement Tax Changes For 2014

  7. Maximizing Your IRA

  8. Retirement Woes Remain As Housing, Stock Markets Rebound

  9. How Much Do You Know About 401(k) Fees?

  10. The Ty Cobb Approach To Retirement Investing

comments powered by Disqus
Hot Definitions
  1. Cabinet Crowd

  2. Backdating

  3. Abnormal Spoilage

  4. "Just Say No" Defense

  5. Zaraba Method

  6. Zaraba Method

Trading Center