a 401k starting at 6 months

sergiofreeman

Senior Member
Spanish
Hi There!

I know this is easy but I really don't know it, I suppose it means 40 100 a year, please help me with this, this k is very used to shorten.

Ex.
The perks of Publix is that they have a 401k starting at 6 months for even part time employees.

Great to know that in just a few minutes I got a reply for you guys!
 
  • entangledbank

    Senior Member
    English - South-East England
    Actually no, in this case it's a subsection: 401(k) is subsection k of section 401 of the US Internal Revenue Code. It relates to pensions, so a 401(k) or 401k is also a kind of pension scheme based on this part of the code.

    crossposted with another UK member, showing the term is well known even outside the USA
     

    Egmont

    Senior Member
    English - U.S.
    The whole thing means that Publix starts contributing to employees' pensions after they have worked there for six months, even if they only work part time.
     
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