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How do i know if my employees retirement system is a qualified or non qualified plan

 
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How do i know if my employees retirement system is a qualified or non qualified plan

The employees retirement system is a qualified plan set up by governments of the state or localities.  A qualified plan is one that employer establishes that meets the Internal Revenue Code in both form and operation.  Qualified plans include 401(k) plans, 403(b) plans, SARSEP plans, SEP-IRA plans, and SIMPLE IRA plans.

For complete details see https://www.irs.gov/retirement-plans/a-guide-to-common-qualified-plan-requirements

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How do i know if my employees retirement system is a qualified or non qualified plan

The employees retirement system is a qualified plan set up by governments of the state or localities.  A qualified plan is one that employer establishes that meets the Internal Revenue Code in both form and operation.  Qualified plans include 401(k) plans, 403(b) plans, SARSEP plans, SEP-IRA plans, and SIMPLE IRA plans.

For complete details see https://www.irs.gov/retirement-plans/a-guide-to-common-qualified-plan-requirements

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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