What is the difference between Employer Profit Sharing, Employer Matching and Employee Salary Deferral contributions?
An employee salary deferral is an amount that the plan participant elects to defer from their compensation to an employer sponsored 401(k) plan. Such amounts are 100% vested (owned by the participant) when contributed to the plan because essentially it is your pay to begin with and you have elected to have the employer deduct it and contribute it to the plan.
