Definition: Section 401(K) Plan

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 Contributions of participants are not taxable until that time when the funds are withdrawn.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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Course	Page Number
02 - Online Total Rewards Administration	20
03-Total Rewards Today	15

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Section 401(K) Plan