Back
English Dictionary
Learn English
Learn grammar
List of words
Study your cards
Hang On, Man!
Audio Books
More apps
SPONSORED LINKS
Recent searches
accessory hemiazygos vein
sternly
hypotenuse
SPONSORED LINKS
SPONSORED LINKS
sinapisms
wings
abkhazian language
4-dimensional
1 maccabees
nicety
natural
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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