Unlike a matching contribution, the employer makes a nonelective contribution regardless of whether or not the employee makes a salary reduction contribution to the plan.
Investment dictionary. Academic. 2012.
Qualified Automatic Contribution Arrangements - QACAs — Also known as QACAs, these were established under the Pension Protection Act of 2006 as a way to increase workers participation in self funded defined contribution retirement plans such as 401(k)s, 403(b)s and 457(b)s. Beginning January 1, 2008,… … Investment dictionary
Savings Incentive Match Plan For Employees Of Small Employers - SIMPLE — A retirement plan that may be established by employers, including self employed individuals. The employer is allowed a tax deduction for contributions made to the SIMPLE. The employer makes either matching or non elective contributions to each… … Investment dictionary
Calendar of 1995 — ▪ 1996 January January 1 Cardoso assumes office Having won some 54% of the ballots cast in the October 1994 election, Fernando Cardoso took the oath of office as president of Brazil. As chief executive of South America s largest… … Universalium
Local government — refers collectively to administrative authorities over areas that are smaller than a state.[citation needed] The term is used to contrast with offices at nation state level, which are referred to as the central government, national government, or … Wikipedia
