401(k)
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.401(k)
noun \ˌfȯr-(ˌ)ō-(ˌ)wən-ˈkā\Definition of 401(K)
: a retirement account to which employee and employer contribute, on which taxes are deferred until withdrawal, and for which the employee usually selects the types of investments
See Origin of 401(K)
from the section of the Internal Revenue Code that established it
First Known Use: 1989
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