Other countries Even though the term "401(k)" is a reference to a specific provision of the U.S. Internal Revenue Code section 401, it has become so well known that it has been used elsewhere as a generic term to describe analogous legislation. For example, in October 2001, Japan adopted legislation allowing the creation of "Japan-version 401(k)" accounts even though no provision of the relevant Japanese codes is in fact called "section 401(k)".
other countries even though the term "401(k)" is a reference to a specific provision of the us internal revenue code section 401 it has become so well known that it has been used elsewhere as a generic term to describe analogous legislation for example in october 2001 japan adopted legislation allowing the creation of "japan-version 401(k)" accounts even though no provision of the relevant japanese codes is in fact called "section 401(k)"