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 ?
Another approach would be to supplement tax qualified plan contributions with nonqualified deferred compensation plans for the HCEs.
In addition, benefits received under a federally tax qualified plan are generally not subject to income tax.
She represents large public and privately held companies in a broad array of employee benefits and executive compensation matters including tax qualified plans, employee health and welfare plans, severance arrangements and non-qualified deferred compensation.
One solution is to take advantage of the in-service distribution rules applicable to certain tax qualified plans.