401(k) plan
An employer-sponsored, tax-advantaged, deferred compensation retirement plan. under the rules that govern these accounts, plan participants can deposit deferred income into an employer-administered account. The plan administrator determines what latitude the account-holder has in making his or her own investment decisions, which in some cases are limited to employer-approved Funds.

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Popular Terms In Taxes

make or buy decision
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designated account
circulation of capital
Public Sector Borrowing Requirement