| NOUN | cognition | 401-k plan, 401-k | a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer |
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| Meaning | A retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself. | |
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| Synonym | 401-k | |
| Broader | pension plan, pension account, retirement plan, retirement savings plan, retirement savings account, retirement account, retirement program | A plan for setting aside money to be spent after retirement |
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