This is the amount contributed by companies on behalf of the…

Question Answered step-by-step This is the amount contributed by companies on behalf of the… This is the amount contributed by companies on behalf of the worker’s retirement account, normally tied to the personal contribution of the employee. It is the money the employers offer to an employee’s IRA or other retirement funds. Usually, employers contribute an equal amount to that of the employees up to a specific income percentage. This is regarded as an employee benefit and enables an employee to save more without sustaining financial hardship. Business Accounting Share QuestionEmailCopy link Comments (0)