401(k)
A United States employer-sponsored retirement plan funded by the employee and sometimes matched by the employer.
Definition
A United States employer-sponsored retirement plan funded by the employee and sometimes matched by the employer.
Why this concept matters
It is a core retirement-saving wrapper in the US system.
What to watch
It is a US-specific product subject to American eligibility, tax and withdrawal rules.
Simple example
A US employer may match part of an employee’s contributions.
Availability and country
- Country or system of origin
- United States
- Status
- Product specific to the US system
- Access from France
- Generally unavailable as a local wrapper to a French tax resident, except in specific US circumstances and subject to eligibility.
- French equivalent
- Employer retirement plan or employee savings plan: a partial comparison, not an exact equivalent.
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