Automatic Deferral Default Percentage

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Definition: Automatic Deferral Default Percentage

Automatic Deferral Default Percentage
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Full Definition of Automatic Deferral Default Percentage

The standard percentage of income deducted from an employee’s compensation and contributed to a 401K retirement plan. Unless an employee chooses a different rate when enrolling in a plan, the automatic deferral default percentage is used.

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Page URL
https://payrollheaven.com/define/automatic-deferral-default-percentage/
Modern Language Association (MLA):
Automatic Deferral Default Percentage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/automatic-deferral-default-percentage/.
Chicago Manual of Style (CMS):
Automatic Deferral Default Percentage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/automatic-deferral-default-percentage/ (accessed: April 19, 2024).
American Psychological Association (APA):
Automatic Deferral Default Percentage. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/automatic-deferral-default-percentage/

Definition Sources

Definitions for Automatic Deferral Default Percentage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.