401-k
ریشه و کاربرد
ریشه
Named after section 401(k) of the Internal Revenue Code, which established this type of retirement savings plan.
مثال
- He contributes to his 401-k every month.
- The company matches employee contributions to the 401-k.
- She rolled over her 401-k into an IRA.
ترکیبهای رایج
401-k plan 401-k contributions 401-k savings 401-k retirement
تعریف انگلیسی
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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