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K usually means 1,000 so 401k would be 401,000.
Generally, Americans speaking of a 401k, speak of a retirement plan.
Simply it is the tax code - think of it as an outline numbering - 401 is the 401st section and "k" is the subsection number/letter. The K doesn't stand for anything that starts with the letter K or 1000 increments. It stands for the (k) section of the 401st tax code section that lets employees contribute to a retirement plan and not be taxed on what they contribute.
What else can I help you with?
Is there a website to find your 401k?
you can see 401k details in "401(k)help center".....
Who can garnish my 401k?
Can I get some of my husbands 401 k
What is the difference between 801k and 401k?
The difference between 801k and 401k is 400k or 400,000 if k isn't a variable.
Is 401-k taxable?
401k is fica taxable only..
How do you say 401K in spanish?
Plan de retiro 401(k)
What did the k stand for in scoring?
A 'k' stands for struckout looking and a 'K' stands for struckout swinging.
Who are the kooks?
k stands for karlos o stands for oscar the other o stands for orgasmic k stands for katastrophy s stands for sexualy active :D k stands for karlos o stands for oscar the other o stands for orgasmic k stands for katastrophy s stands for sexualy active :D
Describe what a 401 k retirement plan is?
OK what is 40k - dfefine 401k
What does k stand for in a baseball box score?
k stands for strikeout looking K stands for strikeout swinging
What is the diffence between k and km?
K stands for kelvin .km stands for kilometer.
Why is it called a 401k?
The title "401(k)" references a section of the Internal Revenue Code.
Can I roll my Roth IRA into a 401k?
No, you cannot roll your Roth IRA into a 401(k).
