401-k

Từ điển Oxford Learners Wordfinder Dictionary

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contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA;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
• Syn:
401-k plan
• Hypernyms:
pension plan, pension account, retirement plan, retirement savings plan, retirement savings account,
retirement account, retirement program