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Glossary   >   4   >   "401K Plan" Definition            401K Plan A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on post and/or pre-tax basis. Employers may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit sharing feature to the plan. Earnings accrue on a tax-deferred basis. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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401K Plan - A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on post and/or pre-tax basis. Employers may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit sharing feature to the plan. Earnings accrue on a tax-deferred basis.