October 1, 2018

Glossary

Glossary

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There are 2 names in this directory beginning with the letter #.
401(k)
A retirement account to which an eligible employee can contribute a certain amount of his or her pretax salary; earnings are tax-deferred. Some employers may match a stated percentage of employee 401(k) contributions. The reduced cost and liability of 401(k) plans appeal to employers.

403(b)
A qualified retirement plan similar to the 401(k), available to employees of nonprofit and government organizations.