Cash Balance Account - Qualified??

[user17697916357]

I recently retired and started receiving distributions from a Cash Balance account.  It was an annuity purchased by a previous employer.  I did not contribute to it - it's my pension.  Is it considered Qualified of Non-Qualified?

[AmyC · Accepted solution]

It is usually qualified so let me ask you to check a few boxes to be sure.

Look at box 1 and box 2, in a qualified plan, they will match. Box 5 should be zero since you had no employee contributions

[user17697916357]

That was very helpful - Thank you so much!