qualified retirement plan
DefinitionA plan that meets the requirements of Internal Revenue Code Section 401(a) and the Employee Retirement Income Security Act of 1974 (ERISA) and is thus eligible for favorable tax treatment. These plans offer several tax benefits: they allow employers to deduct annual allowable contributions for each participant; contributions and earnings on those contributions are tax-deferred until withdrawn for each participant; and some of the taxes can be deferred even further through a transfer into a different type of IRA. opposite of non-qualified retirement plan.
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qualified retirement plan is ...
... part of the Retirement and Taxes subjects.
... part of the Retirement and Taxes subjects.
Related Terms
Keogh Plan, pension plan, premature distribution, age-weighted plan, cash-balance plan, collectively bargained plan, frozen plan, prototype plan, single-employer plan, 457 plan
qualified retirement plan appears in the definitions of these other terms on BusinessDictionary.com
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