401(k)
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Definition:
In the United States, a 401(k) retirement savings plan allows a worker to save for retirement and have the savings invested while deferring current income taxes on the saved money and earnings until withdrawal. This type of plan is also known as a "traditional" 401(k).
Related Concepts:Deferred Compensation
Employee Stock Ownership Plan (ESOP)
Pension Plan
Profit Sharing
Tax-deferred
Available Positions Related to 401(k):Asset & Investment Management jobs
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