Definition: Meaning of, 401-k plan in English to English dictionary.
Pronunciation:/ keɪ plan /
noun
synonym
antonym
Word Forms:
Singular
Plural
401-k plan
401-k plans
to some extentoften a retirement savings plan that is funded by employee contributions and 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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can manage the investments yourself