Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Qualified Retirement Plan

Qualified Retirement Plan Definition

This type of retirement plan meets the guidelines of the Internal Revenue code Section 401(a) and the Employee Retirement Income Security Act of 1974.  It is therefore eligible for favorable tax treatment.  These plans allow employers to deduct yearly contributions for each employee.  Such contributions are tax deferred until taken out for each participant and some of the taxes can be delayed even longer by transferring into a different IRA (Individual Retirement Account).


Additional meaning of Qualified Retirement Plan:

There are two types of qualified retirement plans: Defined-benefit plans and Defined-contribution plans.

Defined-contribution plans may include, 401(k) plans, profit-sharing plans and money-purchase pension plans.








Ask a Question

Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover
Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z