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gestrock
New Member

How do i know if my retirement plan is a qualified plan

MASSACHUSETTS TEACHERS RETIREMENT SYSTEM
3 Replies
MargaretL
Employee Tax Expert

How do i know if my retirement plan is a qualified plan

Your plan is a qualified plan. 

Qualified plans include: 

  • 401(k)s
  • 403(b)s (also known as tax-sheltered annuity plans)
  • 457 plans for government employees
  • Traditional IRAs
  • Roth IRAs
  • SEP and SIMPLE plans for employees of small businesses
  • Pension plans
  • Profit-sharing plans
  • Stock bonus plans

Non-qualified plans include:

  • Life insurance policies (if distribution is full payment)
  • Private or purchased commercial annuities
  • Military retirement plans
Fletchfile
New Member

How do i know if my retirement plan is a qualified plan

Is a military pension a qualified plan? There is the military TSP and then there is the military pension. You do not specify which you are referring to.

JohnB5677
Expert Alumni

How do i know if my retirement plan is a qualified plan

The TSP (Thrift Savings Plan) is similar to a 401K and is a Qualified plan. 

Military retirement is considered a Non-Qualified plan.  The law does not cover public sector pensions including federal government plans such as the military retirement system. 

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