Definition of 401-k Plan in English :

Define 401-k Plan in English

401-k Plan meaning in English

Meaning of 401-k Plan in English

Pronunciation of 401-k Plan in English

401-k Plan pronunciation in English

Pronounce 401-k Plan in English

401-k Plan

see synonyms of 401-k plan

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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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