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401-K

 Dictionary entry overview: What does 401-k mean? 

401-K (noun)
  The noun 401-K has 1 sense:

1. 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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn at which point they can be converted into and IRA; funds can be transfered if you change employers and you can (to some extent) manage the investments yourself

  Familiarity information: 401-K used as a noun is very rare.


 Dictionary entry details 


401-K (noun)


Sense 1401-k [BACK TO TOP]

Meaning:

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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn at which point they can be converted into and IRA; funds can be transfered if you change employers and you can (to some extent) manage the investments yourself

Classified under:

Nouns denoting cognitive processes and contents

Synonyms:

401-k; 401-k plan

Hypernyms ("401-k" is a kind of...):

pension account; pension plan; retirement account; retirement plan; retirement program; retirement savings account; retirement savings plan (a plan for setting aside money to be spent after retirement)


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