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What is 401(k) plan?

A 401(k) is a retirement plan set up between a company and individual employee where the employee can contribute portions of their salary to on a pretax or post-tax basis. The employer then matches the contribution for eligible employees and may make arrangements for the 401(k) plan to include profit-sharing. Earnings in the 401(k) plan are tax-deferred.

Other Financial Terms and Vocabulary

Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.