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401(k)

401(k)

 [fawr-oh-wuhn-key, fohr‐]  

401(k)

   [fawr-oh-wuhn-key, fohr‐]
noun
a savings plan that allows employees to contribute a fixed amount of income to a retirement account and to defer taxes until withdrawal.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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