401-k plan
ریشه و کاربرد
ریشه
Named after section 401(k) of the Internal Revenue Code, which established this type of retirement savings plan.
مثال
- The company offers a generous 401-k plan.
- He decided to invest in a 401-k plan for his retirement.
- The 401-k plan allows employees to save for retirement while deferring income taxes on the saved money and earnings until withdrawal.
ترکیبهای رایج
401-k plan contributions 401-k plan savings 401-k plan investment 401-k plan withdrawal
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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