401(k)

listen to the pronunciation of 401(k)
الإنجليزية - التركية
401 (k)
الإنجليزية - الإنجليزية
A retirement investment plan that allows an employee to put a percentage of earned wages into a tax-deferred investment account selected by the employer. Also called salary reduction plan
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn at which point they can be converted into and IRA; funds can be transfered if you change employers and you can (to some extent) manage the investments yourself
401(k)
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