Definition: 401(k) Plans

Term: 401(k) Plans

Definition:United States Internal Revenue Code Section 401(k) refers to Cash or Deferred Arrangements. These are retirement plans typically described as a defined contribution plan used within private for profit firms. These plans let workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account.

To find keyword content within a course, select the course link below.

Course	Page Number
53 - Employee Benefits Strategies	14
74 - Trends in Retirement Plans	11

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401(k) Plans