Retirement topics - Contributions | Internal Revenue Service A contribution is the amount an employer and employees (including self-employed individuals) pay into a retirement plan Limits on contributions and benefits There are limits to how much employers and employees can contribute to a plan (or IRA) each year The plan must specifically state that contributions or benefits cannot exceed certain limits
contribution noun - Definition, pictures, pronunciation and usage notes . . . Definition of contribution noun from the Oxford Advanced Learner's Dictionary [countable] a gift or payment that is made to a person or an organization in order to help pay for something synonym donation All contributions will be gratefully received We rely entirely on voluntary contributions