Assertion: contribution | /r/HasProperty | designated as employee contributions
Facets:
Source sentences:
text: Specifies that the contributions, although designated as employee contributions, are being paid by the employer.
text: However, IRC section 414(h)(2) provides that for any plan established by a governmental unit, where the contributions of employing units are designated employee contributions, but the employer “picks up” the contributions, the contributions are treated as employer contributions.
text: For this purpose, the employing unit must take formal action to provide that the contributions on behalf of a specific class of employees of the employing unit, although designated as employee contributions, will be paid by the employing unit in lieu of employee contributions.