Back
English Dictionary
Learn English
Learn grammar
List of words
Study your cards
Hang On, Man!
Audio Books
More apps
SPONSORED LINKS
Recent searches
narrow
aquarium
toss off
SPONSORED LINKS
SPONSORED LINKS
vase
shallow
automatic
embarrassed
frisbee
scientific
collateral
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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