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Meaning of 401(k)

401(k)

Pronunciation: (fôr'ō"wun'kā', fōr'-), [key]
  1. a savings plan that allows employees to contribute a fixed amount of income to a retirement account and to defer taxes until withdrawal.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also:
  • k (Thesaurus)