401-k plan
noun
Key Types & categories Parts & wholes Related & opposite
- Word type
- noun
- verb
- adjective
- adverb
- Line style
- core relation
- instance, member or derived
- substance, domain or see-also
- Direction
- arrow points to the broader concept
- dashed outline: no word in this language
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Senses
Sense 1 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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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
Types & categories
- pension plan hypernym
Table view of this graph
| Sense | Relation | Group | Word |
|---|---|---|---|
| 1 | hypernym | Types & categories | pension plan |