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Acronymfinder

What does NEC stand for?

NEC stands for Non-Elective Contribution (to a qualified retirement plan)

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other meanings of NEC

Other Resources:
We have 367 other definitions for NEC in our Acronym Attic

Samples in periodicals archive:

The 401(k) contributions, when converted from unused or forfeited PTO days, qualify as an employer non-elective contribution, thus allowing employees to contribute up to their annual maximum plus any catch-up contribution if they are over a specified age.
For employers with fewer than 25 employees, a new tax credit equal to 35 percent of non-elective contributions made by the employer is available.