FT MarketWatch

401(k) plan

A defined Contribution plan offered by a corporation to ITS employees, which allows employees to set aside Tax-deferred income for retirement purposes, and in some cases employers will match their Contribution dollar-for-dollar. Taking a distribution of the funds before a certain specified age will Trigger a Penalty tax. The name 401(k) comes from the IRS section describing the Program.

Related Terms: 20 Contribution, Defer, Defined contribution plan, ECI, Fund, FIN, Heir, Inc., ITS, Low, Lows, Offer, Penalty, Program, Retire, Ratio, SEC, Tax, Tax-deferred, Trigger
Other Related Pages: Category: Taxes Starting With: 1
Semi Related Terms: 686 CLICK HERE TO VIEW