MLchartDataset catalogue

401(k) plan

Term · Law · MLC-T-LAW-000248

An employer-sponsored defined contribution retirement plan that allows eligible employees to save and invest for retirement on a tax-deferred basis. Employees can contribute a portion of their gross salary, and employers often provide matching contributions. These plans are regulated by the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.

Table 1. Record
IdentifierMLC-T-LAW-000248
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000248",
  "term": "401(k) plan",
  "field": "Law",
  "definition": "An employer-sponsored defined contribution retirement plan that allows eligible employees to save and invest for retirement on a tax-deferred basis. Employees can contribute a portion of their gross salary, and employers often provide matching contributions. These plans are regulated by the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.",
  "url": "https://mlchart.com/terminology/law/401-k-plan/"
}

Record 7 of 5,441 in Law terminology (MLC-0107). Request the full dataset.