401-k plan - definition, thesaurus and related words from WordNet-Online

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Noun 401-k plan has 1 sense

401-k plan, 401-k - 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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn at which point they can be converted into and IRA; funds can be transfered if you change employers and you can (to some extent) manage the investments yourself
--₁ is a kind of pension plan, pension account, retirement plan, retirement savings plan, retirement savings account, retirement account, retirement program