"matching contribution" is a correct and usable phrase in written English.
It is used to refer to a situation in which a company or person agrees to match the contribution of someone else given to a specific charity or project. For example: "The company offered a matching contribution for every dollar that was donated to the charity."
Blue-collar workers received the company's voluntary 401(k) matching contribution in Lucent stock.
Last fall, though, she decided to become more cautious with her company's 3percentt matching contribution, dividing it equally between moderate and aggressive options.
True, most employers add a matching contribution of around 3 percent to comply with federal requirements, but the rate does not rise in full step with the employee escalation.
He suggests replacing the current deduction for retirement saving with, say, an 18 percent matching contribution from the federal government for every dollar put into a tax-preferred retirement account.
And Senate Democrats pushing broad 401(k) changes gave their support today to a bill by Senator Edward M. Kennedy, the Massachusetts Democrat, forcing companies that do not offer employees a traditional pension plan to either offer company stock as the 401(k) matching contribution, or offer company stock as a separate 401(k) investment option -- but not both.
The companys 401(k) plan allows employees to choose between various Vanguard funds and SAIC stock; the companys matching contribution is made in SAIC stock.
(For more on the savers credit, see "The Saver's Tax Credit: An Added Incentive To Fund Your Plan").. –Free money from employers: Employers that offer benefits under a 401(k) or SIMPLE IRA often include matching contribution features, and all employees need to do to receive these contributions is to make salary deferral contributions to the plan.
One of the greatest advantages of saving in a 401(k) is that many companies offer some form of matching contribution.
