Back
English Dictionary
Learn English
Learn grammar
List of words
Study your cards
Hang On, Man!
Audio Books
More apps
SPONSORED LINKS
Recent searches
reprovingly
hypnotism
attentiveness
SPONSORED LINKS
SPONSORED LINKS
alexandre emile jean yersin
fades
accommodating iol
100th
hiver
dull
crepe de chine
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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