mandatory contributions
Defined in 1 place of the United States Code.
The term “mandatory contributions” means amounts contributed to the plan by a participant which are required as a condition of employment, as a condition of participation in such plan, or as a condition of obtaining benefits under the plan attributable to employer contributions. For this purpose, the total amount of mandatory contributions of a participant is the amount of such contributions reduced (but not below zero) by the sum of the amounts paid or distributed to him under the plan before its termination.
Source
- 1994–present29 U.S.C. § 1344Labor · Allocation of assets · under this subchapter