401-K PLAN
\fˈɔːhˈʌndɹədən wˈɒnkˈe͡ɪ plˈan], \fˈɔːhˈʌndɹədən wˈɒnkˈeɪ plˈan], \f_ˈɔː_h_ˈʌ_n_d_ɹ_ə_d_ə_n w_ˈɒ_n_k_ˈeɪ p_l_ˈa_n]\
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A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.
By Oddity Software
