Term: Section 401(K) Plan
Definition:In the United States, a deferred profit sharing or stock-bonus plan permitting participants to decide the extent to which their compensation is deferred. Contributions of participants are not taxable until that time when the funds are withdrawn. Contributions of sponsor and investment earnings are also tax-deferred. Also known as Cash or Deferred Arrangement (CODA).
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02 - Online Total Rewards Administration | 20 |
03-Total Rewards Today | 15 |
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