401

401
401(k) [fôr΄ō΄wun΄kā′]
n.
pl. 401(k)s or 401(k)'s< designation of section of U.S. Internal Revenue Code on which it is based
1. a type of retirement plan in which each eligible employee is allowed to put a percentage of wages or salary into a tax-deferred account that typically offers a variety of savings and investment options
2. such an account: Also written 401(K), 401K

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Universalium. 2010.

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