Question:

What does the K stand for in 401k plan?

by Guest56898  |  earlier

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What does the K stand for in 401k plan?

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  1. it is the sub-paragraph of the federal statutes regarding pension plans.


  2. Thousand

    401,000 plan

  3. 401(k) is actually the designation for a specific part of the text of the IRS regulation that created the plan. Think of it like a Bible verse: Paul 1:1, whatever.... if you pulled out the IRS code book, you'd go to part 401, paragraph (k).

  4. thousand :]

  5. a thousand
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