401-k — synonyms, definition

1. 401-k (Noun)

1 synonym
401-k plan
1 definition

401-k (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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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.

7 types of
pension account pension plan retirement account retirement plan retirement program retirement savings account retirement savings plan