Examlex
In 2012, the Fed adopted a flexible version of
Matched by Employer
Contributions made by an employer to match the amount an employee contributes to their retirement plan or similar benefit program.
FICA - Social Security
A U.S. federal program funded by payroll taxes under the Federal Insurance Contributions Act (FICA) aimed at providing retirement, disability, and survivors' benefits.
Withheld
Referring to the portion of an employee's wages not paid directly to the employee but instead held back, often for tax purposes.
Matched by Employer
Refers to contributions that an employer makes to an employee's retirement plan, equal to the amount the employee contributes up to a certain percentage.
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