Glossary
There are currently 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.
