401-k plan (n)
401-k (n)

n05911560

type n
lex_filenum 09
def a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer
def contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA
def funds can be transferred if you change employers and you can (to some extent) manage the investments yourself
Outgoing links
Hypernym pension plan, pension account, retirement plan, retirement savings plan, retirement savings account, retirement account, retirement program
Incoming links
Hyponym pension plan, pension account, retirement plan, retirement savings plan, retirement savings account, retirement account, retirement program

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