nnoun.cognitiona 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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourselfSynset:401-k plan
Hypernyms:pension account pension plan retirement account retirement plan retirement program retirement savings account retirement savings plan
Inherited Hypernyms:401-k planpension planplanideacontentcognitionpsychological featureabstractionentity