Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

401(k) Plans

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 Taxes aren't paid until the money is withdrawn from the account.

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403(B) Plans

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