US workplace terms
401(k)
The main workplace retirement savings plan in the US, often with the employer matching part of what you put in. The rough equivalent of a UK workplace pension.
A plain-English explanation of how this usually works in the US, not legal, tax or financial advice. Rules differ between states and change over time, so check your own situation. Disclaimer.
You'll hear it as
They match 401(k) contributions up to 4 per cent.
Videos.
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