HR Dictionary
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1096 (Form)
An IRS form used by employers to transmit paper Forms 1098, 1099, 3921, 3922, 5498, and W-2G to the Internal Revenue Service.
 
1099 (Form)
An IRS form used by taxpayers to report various types of income other than wages, salaries, and tips (e.g., payments received as an independent contractor).
 
1099 Reimbursement
The amount reimbursed to independent contractors for out-of- pocket expenses. This amount is for reimbursed expenses only, not earnings, and is not included on the contractor's 1099-MISC.
 
1099-MISC Form
A tax form used to report payments made to another person or business who is not an employee, such as payments made to independent contractors.
 
360 Degree Feedback
A performance appraisal method in which an employee receives performance feedback from multiple sources, typically from his or her peers, supervisors, subordinates, and customers.
 
4/5ths Rule
Rule stating that discrimination is generally considered to occur if the selection rate for a protected group is: (a) less than 80% (4/5ths) of the selection rate for the majority group; or (b) less than 80% of the group's representation in the relevant labor market.
 
401(k)
A defined contribution plan funded primarily by the pre-tax contributions of employees. These plans allow employees to save part of their salaries and defer paying taxes until they receive the money. Employers can match the contributions, which are also tax deferred.
 
403(b) Plan
This type of retirement plan has the same characteristics and benefits of a 401(k) plan but is offered only by non-profit organizations.
 
408(k) SARSEP
A retirement savings plan available to certain businesses with less than 25 employees. This type of plan has fewer restrictions than the standard 401(k) plan, and different limits.
 
414(h) Plan
A retirement savings plan available to government employees.
 
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