Contribution
131Eligible Automatic Contribution Arrangements - EACAs — Also known as EACAs, these were created as part of the Pension Protection Act of 2006 to encourage more worker participation in self funded defined contribution retirement plans. Like QACAs, all eligible employees must be enrolled in EACA plans… …
132Nonelective Contribution — A type of contribution an employer chooses to make to each of his or her eligible employee s employer sponsored retirement plan. The contribution is not based on salary reduction contributions made by the employee. Unlike a matching contribution …
