CODA

See also Cash Or Deferred Arrangement (CODA)
Related Terms:
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401k CODA-Cash or Deferred Arrangement Plan, 401k Plan Facts
401k retirement plans are one of the most efficient ways to plan for retirement.

A CODA is a defined contribution plan that allows participants to have a portion of their compensation (otherwise payable in cash) contributed pre-tax to a retirement account on their behalf.

Cash or Deferred Arrangement Abbreviated as CODA, refers to a qualified plan, generally part of a profit... cash out Exchange for cash. cash price The present delivery price of a given commodity being traded on the spot market.

Cash Or Deferred Arrangement - CODA
The method of funding any type of qualified profit-sharing or stock bonus plan.

A plan whereby an employee may contribute pretax earnings to a qualified tax-deferred retirement plan--also called "cash or deferred arrangement" (CODA) or "salary reduction plan.

See also: Saving, Career, Personal finance, Acquisitions, Salary Reduction Plan