Definitions for "elective deferral"
An employers contribution towards an employees 401(k) plan on the employees...
The amount of pretax compensation an employee can choose to contribute to a qualified deferred compensation plan (e.g., a §401(k) plan), also known as pretax contributions.
a contribution made to a 401(k) plan by the employer on an employeeâ€(tm)s behalf pursuant to the employeeâ€(tm)s cash-or-deferred election.