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Are employer contributions to an employees voluntary retirement plan, such as a 401(k), 403(b), or an IRA, allowable from grant funds?

April 26, 2017contributions employee employer retirement plan Voluntary

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Are employer contributions to an employees voluntary retirement plan, such as a 401(k), 403(b), or an IRA, allowable from grant funds?

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No, not under any circumstances. It is allowable, however, to pay for mandatory retirement or pension plans when the retirement or pension plan is mandatory (i.e., not optional) for all employees and when specified in organization policy that all employees are required to participate in the plan.