The-definition.com

Definition

Roth 401(k) plan

Roth 401(k) plan is a qualified retirement plan in which contributions are made with after-tax dollars and qualified distributions at retirement are received income-tax free; investment earnings also accumulate on a tax-free basis.

Share it:  Cite

More from this Section

  • Service bureau
    Service bureau is a firm that processes clients’ data on its own computer (or one that ...
  • Money purchase plan
    Money purchase plan is a defined-contribution retirement plan in which each participant ...
  • Trespasser
    Trespasser is a person who enters or remains on the owner’s property without the owner’s ...
  • Named insured
    Named insured is the person or persons named in the declarations section of the policy, ...
  • Variable annuity
    Variable annuity whose periodic lifetime payments vary depending on the level of common ...