Dictionary of banking and finance. 2015.
401(k) plan — / fōr ˌō ˌwən kā / n [after the section of the Internal Revenue Code that established it]: a retirement savings plan under which an employee may elect to have pretax contributions from his or her wages or salary deferred to a trust for investment … Law dictionary
401(a) Plan — A money purchase retirement savings plan that is set up by an employer. The 401(a) plan allows for contributions by the employee, the employer, or both. Contribution amounts, whether dollar based or percentage based, eligibility, and vesting… … Investment dictionary
401(k) Plan — A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non elective contributions to … Investment dictionary
401-k plan — 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from the employer; contributions are made from your salary before taxes and the funds grow tax free until they are withdrawn, at which… … Useful english dictionary
401 (k) plan — A savings plan with deferred compensation in which employees invest part of their wages (sometimes with employers also contributing) as a way of saving on taxes. The contributions are invested, usually as the employee chooses, in various… … Business law dictionary
Savings Incentive Match Plan for Employees (SIMPLE) 401(k) plan — A tax deferred retirement savings plan similar to a conventional 401( k) plan, redesigned with specific rules to meet the needs of small employers. The Small Business Job Protection Act of 1996 created these plans for companies with fewer than… … Financial and business terms
401 plan — 401(k) plan UK US noun [C] FINANCE, TAX ► in the US, a system in which people who are working are allowed to pay part of their income into an investment account without paying tax on it until they take the money out as a pension … Financial and business terms
401(k) — In the United States of America, a 401(k) plan allows a worker to save for retirement while deferring income taxes on the saved money and earnings until withdrawal. The employee elects to have a portion of his or her wage paid directly, or… … Wikipedia
401(k) — /fawr oh wun kay , fohr /, n. a savings plan that allows employees to contribute a fixed amount of income to a retirement account and to defer taxes until withdrawal. * * * ▪ finance in the United States, a retirement savings program… … Universalium
401(k) IRA matrix — This is a comparison between 401(k),Roth 401(k), and Traditional Individual Retirement Account and Roth Individual Retirement Account accounts. =Comparison [IRS Publication 4530 [http://www.irs.gov/pub/irs pdf/p4530.pdf] ] [IRS Retirement Article … Wikipedia
