KNOW BETTER NEW YORK CONNECTIONS NEWS & MORE ▸ NYIA News | Media Inquiries | Impact of Insurance | Resources Glossary – 4 A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | R | S | T | U | V | W | 4 | 5 401(K) PLAN An employer-sponsored retirement savings plan funded by employee contributions, which may or may not be matched by the employer. Federal laws allow employees to invest pre-tax dollars, up to a stated maximum each year.