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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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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.
Generic synonyms: Pension Account, Pension Plan, Retirement Account, Retirement Plan, Retirement Program, Retirement Savings Account, Retirement Savings Plan
Lexicographical Neighbors of 401-k Plan
Literary usage of 401-k plan
Below you will find example usage of this term as found in modern and/or classical literature:
1. Personal Finance by Robert S. Rosefsky (2002)
"The amount you can put into a 401 (k) plan was about $8000 per year in the late
1990s, ... The withdrawal restrictions for a 401 (k) plan are similar to, ..."
2. General Explanation of Tax Legislation Enacted in 1998: Report of the Joint edited by William Roth, Bill Archer (2000)
"Such contracts may be rolled over into a section 401(k) plan maintained by the
Indian tribal government in accordance with the rollover rules of section ..."
3. Financial Markets for the Rest of Us: An Easy Guide to Money, Bonds, Futures by Robert Vahid Hashemian (2001)
"Participating in a 401 (k) plan should be your first stop on the road to ...
Also the allowable contributions to a 401 (k) plan may differ for highly ..."
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