Under section 401(K) of the Internal Revenue Code, a deferred compensation plan set up by an employer so that employees can set aside money for retirement on a pre-tax basis. Employers may match a per [..]

You participate in a 401(k) retirement savings plan by deferring part of your salary into an account set up in your name. Any earnings in the account are federal income tax deferred. If you change jobs, 401(k) plans are portable, which means that you can move your accumulated assets to a new employer's plan, if the plan allows transfers, or [..]

A popular type of retirement fund. It is legal to borrow money from your 401(k) to help pay for your children's education.

A retirement plan made available by a company to its employees, featuring tax-deferred

Plan: The 401(k) Plan is a tax-efficient retirement plan in which the investment grows without being taxed until retirement. Employees can contribute to 401(k) plans and employers can match those cont [..]

A type of profit sharing plan offered by a corporation to its employees, which allows employees to set aside tax-deferred income for retirement purposes. In some cases employers will match their contribution dollar-for-dollar.

A type of employer-sponsored retirement account where employees may contribute a portion of their salary. Taxes are deferred until money is withdrawn. Certain programs match a percentage of employee c [..]

An employer's retirement savings program into which individuals can put a portion of their pay. Taxes are not paid until the money is withdrawn.

A 401(k) plan is a type of retirement savings plan. Contributions are made by employees using before-tax exclusions from income. Some employers may match employee contributions. Earnings grow tax-free [..]

A retirement account to which an eligible employee can contribute a certain amount of his or her pretax salary; earnings are tax-deferred. Some employers may match a stated percentage of employee 401( [..]

A type of profit sharing plan offered by a corporation to its employees, which allows employees to set aside tax-deferred income for retirement purposes. In some cases employers will match their contr [..]

An employer-sponsored retirement plan. Employee contributions are taken out before withholding taxes are computed, and many employers offer matching contributions.

A defined-contribution retirement plan that allows employees of a company to defer salary pre-tax to invest for retirement. Employers can also make a matching contribution in the plan.

A popular type of retirement fund. It is legal to borrow money from your 401(k) to help pay for your children's education.

Under section 401(K) of the Internal Revenue Code, a deferred compensation plan set up by an employer so that employees can set aside money for retirement on a pre-tax basis. Employers may match a per [..]