qualified plan

qualified plan
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

qualified plan
An employee pension benefit plan that meets the requirements of IRC Section 401(a) and is entitled to the following preferential tax treatment:
• Contributions are currently deductible.
• Participants are not currently taxed on their benefits.
• The trust is not subject to taxation.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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