What does 401k er ma mean?

A 401k is a retirement savings plan offered by many employers. It is named after the section of the Internal Revenue Code (IRC) that governs it. The term "er" is short for "employer". So, a 401k er ma is a 401k plan that is offered by your employer.

Some employers also offer a matching contribution to their employees' 401k plans. This means that the employer will contribute a certain amount of money to your 401k plan based on the amount of money that you contribute. For example, an employer may match 50% of your contributions up to a certain amount.