401(k) plan
10
3.5
- noun
- /fɔr ˈoʊ wʌn keɪ plæn/
- Specialized
:
plan 401(k) (EE. UU.)
- She decided to increase her contributions to her 401(k) plan to take advantage of the employer match.
Examples
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Remember the form you had to complete to start contributing to your 401(k) plan?
Blog text (22) -
Only 6 percent of those with 401(k) plans contribute the maximum amount that the employer matches.
Academic text (2002) -
The American public owns American business at this point, again, through their pension plans, through increased 401(k) plans, and through stock options in companies.
Academic text (1996) -
Finally, the 401(k) plan is assumed to provide a 30% income replacement ratio at all income levels.
Academic text (1990) -
The largest component of 401(k) plan fees and expenses is associated with managing plan investments.
Academic text (2016) -
Seventy percent of job changers do not roll over their 401(k) plans.
Academic text (2002) -
The high fees in 401(k) plans reflect two underlying weaknesses of employer fiduciaries.
Academic text (2016) -
What about all that oft-heralded wealth accumulated through the meteoric growth in pension plans, 401(k) plans, and mutual funds?
Academic text (1998) -
Employees are severely restricted in their ability to withdraw money from 401(k) plans while employed by the plan sponsor. Nor can employees simply avoid the plan terms selected by their employers by setting up Individual Retirement Accounts (IRAs).
Academic text (2016) -
The shortcomings of ERISA's fiduciary standard, though arguably an afterthought in the original 1974 legislation, have become the centerpiece of 401(k) plan governance.
Academic text (2016)
Synonyms
27
3.1
Money that an employer or worker saves regularly to give income after you stop working
27
3.0
A set of savings and investments that gives you money after you stop working
21
3.0
A plan where you save money to use after you stop working
3
3.0
A plan that helps people save money to use after they stop working
1
2.5
Money you regularly save to use after you stop working
1
3.1
An account that holds money to use after you stop working
A US retirement account where workers put money before tax and employers often add money
A program from an employer that lets workers save part of their pay for retirement or other future needs
Surface Forms
Morphology
401(k) + plan
The token '401(k)' is an institutional code/name (a US tax/retirement scheme) whose meaning is not compositionally derivable from the digits or the word 'plan'. Knowing 'plan' does not allow a learner to infer the specific concepts of pre-tax contributions, employer matching, or tax-deferred growth; understanding this MWE requires cultural/financial background knowledge. Therefore it is not predictable from its parts and is opaque to average B1 learners.
Etymology
401(K) plan gets its name from a part of U.S. tax law called 401(k), a rule from the 1970s that let workers save money 'before tax' for 'retirement'. So today 401(k) plan means a personal 'retirement' savings plan where you put money from your pay 'before tax' and often your employer adds some money too.