There are several different types of contributions that may be contributed to your retirement account depending on plan rules and employer guidelines.
| Contribution Type | Description |
| Employer | Employer contributions are an additional benefit from your employer. These are not withheld from your paycheck, but are an additional amount from your employer. These contributions are taxed upon withdrawal. |
| Employee Tax-Sheltered | Tax-Sheltered contributions are withheld from your paycheck. They are not taxed before entering your retirement account. Taxes will be paid on these contributions and earnings upon withdrawal. |
| Employee Tax-Paid | Tax-Paid contributions are withheld from your paycheck. They are taxed upon contribution and any earnings are taxed upon withdrawal. |
| Employee Roth | Roth elective deferrals are withheld from your paycheck. They are taxed upon contribution, however, the earnings have the potential to not be taxed upon withdrawal. Earnings will not be taxed if a distribution is taken after age 59 ½ and the initial Roth contribution was made at least 5 years before. |
If you have any questions on the different contribution types, please contact us.