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Definition of 401(k) noun from the Oxford Advanced American Dictionary

 

401(k)

 noun
noun
NAmE//ˌfɔr oʊ wʌn ˈkeɪ//
 
 
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an account in which an employee can save money for their retirement without paying tax until the money is taken out. Many private employers offer a 401(k); a 403(b) is offered for public service employees such as teachers Does your employer have a 401(k) plan?