401-k plan

1. 1.

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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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

   Synonyms401-k

   Broaderpension plan

Questions about 401-k plan

What does 401-k plan mean?

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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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

What is another word for 401-k plan?

Close synonyms include 401-k. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.