Qualified Retirement Plan (Qualified Plan)

What Does Qualified Retirement Plan (Qualified Plan) Mean?
A plan that meets requirements of the Internal Revenue Code and as a result, is eligible to receive certain tax benefits. These plans must be for the exclusive benefit of employees or their beneficiaries.

Investopedia explains Qualified Retirement Plan (Qualified Plan)
There are two kinds of qualified plans: defined-benefit plans and defined-contribution plans.

Some examples of defined-contribution plans are 401(k) plans, money-purchase pension plan and profit-sharing plans.

Related Terms

401(k) Plan
Defined-Benefit Plan
Defined-Contribution Plan
Individual Retirement Account - IRA
Money-Purchase Pension Plan
Pension Plan
Plan Sponsor
Profit-Sharing Plan
SBO-401(k)
Tax-Sheltered Annuity
More Related Terms

Related Links

Qualified Plan Loans: Guidelines to Operations - Thinking of adding a loan feature to your company's plan? Here's what you need to know.
401(k) Debit Cards: Taking A Swipe At Your Retirement Savings - This is just another more convenient way to borrow from your plan. But at what cost?
Asset Distributions A Key Consideration For Retirees - How you distribute qualified retirement plan money can affect your taxes and Social Security benefits.
The 4-1-1 On 401(k)s - This plan has become one of the most popular retirement options. Find out why.
Tough Times: Should You Dip Into Your Qualified Plan? - 401(k)s, pensions and profit-sharing plans can be a source of cash, but there are consequences to this option.
Job Hunting: Higher Pay Vs. Better Benefits - Focusing on salary may be a mistake. Find out which benefits have the highest long-run payoff.
A Closer Look At The Roth 401(k) - Learn about the benefits and drawbacks of this new investment account and see if it's right for you.
Selecting The Right Mix Of Insurance Benefits - Choosing employee benefits involves weighing the probability you will need them against taxes and cost.
Making Salary Deferral Contributions - Part 1 - If you aren't participating in your employer-sponsored retirement plan, you're missing out! Learn the benefits.
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