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Definition of 401-k plan
1. 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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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.
Exact synonyms: 401-k
Generic synonyms: Pension Account, Pension Plan, Retirement Account, Retirement Plan, Retirement Program, Retirement Savings Account, Retirement Savings Plan
Generic synonyms: Pension Account, Pension Plan, Retirement Account, Retirement Plan, Retirement Program, Retirement Savings Account, Retirement Savings Plan
Lexicographical Neighbors of 401-k Plan
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