Back
English Dictionary
Learn English
Learn grammar
List of words
Study your cards
Hang On, Man!
Audio Books
More apps
SPONSORED LINKS
Recent searches
chords
artifact
pronounced
SPONSORED LINKS
SPONSORED LINKS
acaudal
omitted
acth
curling
composure
chimes
wish-wash
Hide translation
401-k plan
401-k plan
/ˈfɔr ˈwʌn keɪ plæn/
noun
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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
(
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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
Back
Next
Language