WHAT IS A QUALIFIED RETIREMENT PLAN?

matyslopez · ‎June 1, 2019

DOES THIS APPLY TO "X" MARKED ON W2 FORM?

SherylSTaxExpert · ‎June 1, 2019

A qualified retirement plan is a retirement plan that must follow certain rules and guidelines set forth by Employee Retirement Income Security Act (ERISA). Qualified plans, such as 401(k) plans, IRAs and profit-sharing plans, must meet the standards in order to continue operations. Qualified plans are also subject to annual contribution limits set by the IRS each year.

View solution in original post

SherylSTaxExpert · ‎June 1, 2019

A qualified retirement plan is a retirement plan that must follow certain rules and guidelines set forth by Employee Retirement Income Security Act (ERISA). Qualified plans, such as 401(k) plans, IRAs and profit-sharing plans, must meet the standards in order to continue operations. Qualified plans are also subject to annual contribution limits set by the IRS each year.