voluntary employee contribution
Defined in 1 place of the United States Code.
The term “voluntary employee contribution” means any contribution (other than a mandatory contribution within the meaning of section 411(c)(2)(C))—
(i) which is made by an individual as an employee under a qualified employer plan which allows employees to elect to make contributions described in paragraph (1), and
(ii) with respect to which the individual has designated the contribution as a contribution to which this subsection applies.
Source
- 2001–present26 U.S.C. § 408Internal Revenue Code · Individual retirement accounts · for purposes of this title