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What is the difference between a matching contribution and an employer non-elective contribution?

April 26, 2017contribution employer matching non-elective

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What is the difference between a matching contribution and an employer non-elective contribution?

1 Answer

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Matching contributions are made by the employer when an employee contributes to the plan. Non-elective contributions are made by the employer regardless of whether the employee contributes to the plan. Please refer to your plan document to see if your plan allows these types of contributions.