I put in my retirement contribution on my w-2 but don't know if it's a qualified retirement plan.What is a qualified retirement plan?

taylor_newcomer · ‎June 6, 2019

MaryK1 · ‎June 6, 2019

A qualified plan is a retirement plan sponsored by employers for the exclusive benefit of employees. These plans follow special IRS rules and qualify for special tax treatment, such as deferring paying taxes on the contributions until retirement.

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

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MaryK1 · ‎June 6, 2019

A qualified plan is a retirement plan sponsored by employers for the exclusive benefit of employees. These plans follow special IRS rules and qualify for special tax treatment, such as deferring paying taxes on the contributions until retirement.

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

**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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I put in my retirement contribution on my w-2 but don't know if it's a qualified retirement plan.What is a qualified retirement plan?