Definition of 401-k in English :

Define 401-k in English

401-k meaning in English

Meaning of 401-k in English

Pronunciation of 401-k in English

401-k pronunciation in English

Pronounce 401-k in English

401-k

see synonyms of 401-k

1. 401-k, 401-k plan

a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself

Based on WordNet 3.0, Princeton University


401-k

see synonyms of 401-k
nounWord forms: plural 401(k)s or 401(k)'s
1. 
a type of retirement plan in which each eligible employee is allowed to put a percentage of wages or salary into a tax-deferred account that typically offers a variety of savings and investment options
2. 
such an account

Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights reserved.