A qualified retirement plan is an employer's plan to benefit employees that meets specific Internal Revenue Code requirements. These plans may qualify for special tax benefits, such as tax deferral for employer contributions. Your contributions may also qualify for tax deferral.
Examples of qualified plans are: 401(k) plans, 403(b) plans, SARSEP plans, SEP-IRA plans, and SIMPLE IRA plans
To determine whether your plan is a qualified plan (most but not all plans are), check with your employer or the plan administration.
Non-qualified plans are those that are not eligible for tax-deferral benefits.:
A qualified retirement plan is an employer's plan to benefit employees that meets specific Internal Revenue Code requirements. These plans may qualify for special tax benefits, such as tax deferral for employer contributions. Your contributions may also qualify for tax deferral.
Examples of qualified plans are: 401(k) plans, 403(b) plans, SARSEP plans, SEP-IRA plans, and SIMPLE IRA plans
To determine whether your plan is a qualified plan (most but not all plans are), check with your employer or the plan administration.
Non-qualified plans are those that are not eligible for tax-deferral benefits.: