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Search Result for "401-k plan":
Wordnet 3.0

NOUN (1)

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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself;
[syn: 401-k plan, 401-k]


WordNet (r) 3.0 (2006):

401-k plan n 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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself [syn: 401-k plan, 401-k]