qualified plan

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Qualified Plan

An annuity that one buys along with one's employer. That is, the annuitant and his/her employer both make tax-deferred contributions to the plan for a certain period, with withdrawals coming upon retirement. If the annuitant begins withdrawals before a certain age, withdrawal penalties apply. One may continue to make contributions until a certain age, usually around 65.

qualified plan

An employer-sponsored tax-deferred employee benefit plan that meets the standards of the Internal Revenue Code of 1954 and that qualifies for favorable tax treatment. Contributions by an employer and an employee accumulate without being taxed until payouts are made at the employee's retirement or termination.
References in periodicals archive ?
M2 EQUITYBITES-January 29, 2018-Ascensus to Acquire Qualified Plans to Expand Defined Benefits Solutions
Below are some questions to consider when planning for IRAs and qualified plans for a client with a blended family.
These "deferred income annuities" can be purchased by IRAs and qualified plans (within limits) and the contract values will be exempt from RMD rules until age 85, thus allowing even greater benefit of tax deferral.
This is an option for companies that have maxed out existing qualified plans, decided that qualified plans are too expensive, or concluded that a nonqualified plan does not create income tax advantages for the owner.
Some argue, however, that bundling NQDC plans with qualified plans is not such a good idea.
Matthew reminisced about his earliest recollection of working with his father in the life insurance business: "I remember when I was 13 years old, I was doing data entry on qualified plans.
The federal estate tax exclusion, as described at Q 673, is available as well to the estates of self-employed individuals covered under qualified plans.
With deemed IRAs, also referred to as "sidecar IRAs," the participants in qualified plans, Section 403(b) plans, and eligible 457 plans are allowed to make traditional and Roth IRA contributions to a separate account or annuity established under their employer's plan.
Like all qualified plans, a Keogh plan enables those covered under the plan to accumulate a private retirement fund that will supplement their other pension and Social Security benefits.
The IRS issued guidance regarding the exclusion of part-time, temporary, seasonal, and project employees under qualified plans, including 401(k)s.
Early distributions from qualified plans to terminated public safety employees; and

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