Payroll Deduction Plan

Definition - What does Payroll Deduction Plan mean?

A nonqualified retirement plan where the employee authorizes the employer to take regular deductions from their paycheck to invest in a retirement account.

Testopedia explains Payroll Deduction Plan

Connect with us

Testopedia on Linkedin
Testopedia on Linkedin
Tweat www.testopedia.com
"Testopedia" on Twitter


'@Testopedia'
Sign up for Testopedia's Free Newsletter!