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Sigma KEE - SavingsPlan_401K
KB Term: 
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SavingsPlan_401K
A defined contribution plan offered by a corporation to its employees, which allows employees to set aside tax-deferred income for retirement purposes. The name 401(k) comes from the IRS section describing the program.
Relationships      
Parents defined contribution plan A company retirement plan, such as a 401(k) or 403(b), in which the employee elects to defer some amount of his/her salary into the plan and bears the investment risk.


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