Employee Savings Plan (Noun)
Meaning
A plan that allows employees to contribute to an investment pool managed the employer.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The company offers an employee savings plan that matches a portion of the employees' contributions.
- Participating in an employee savings plan can help employees save for retirement more efficiently.
- Our employee savings plan options have expanded to include more investment options for better diversification.
- It is essential for employees to understand the investment options available through the employee savings plan.
- The HR department will conduct a seminar to explain the benefits and guidelines of the new employee savings plan.