Back
English Dictionary
Learn English
Learn grammar
List of words
Study your cards
Hang On, Man!
Audio Books
More apps
SPONSORED LINKS
Recent searches
wind down
lovely
mediocre
SPONSORED LINKS
SPONSORED LINKS
plow on
acadia national park
zoom in
excited
equipoise
round
dispel
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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