{"iri":"https://folio.openlegalstandard.org/RGkDyYmOTwUEstuQWdgGzo","label":"Government-Regulated Defined Contribution Account","sub_class_of":["https://folio.openlegalstandard.org/RC5149hM9Fi4iI1O8qYvP31"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"401(k) Account","alternative_labels":["TSP","Thrift Savings Plan"],"translations":{},"hidden_label":null,"definition":"A Government-Regulated Defined Contribution Account, such as a 401(k) or Thrift Savings Plan, is a retirement savings account where an individual contributes a fixed amount or a percentage of their salary into a fund. The government regulates these accounts to provide tax advantages, and the ultimate benefit received is dependent on the performance of the investments chosen within the account.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}