qualified plan

(redirected from Eligible Retirement Plan)

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Repayment to an IRA will be treated as a transfer from an eligible retirement plan in a direct trustee-to-trustee transfer within 60 days of the distribution.
Generally, an "eligible rollover distribution" is rolled over to an "eligible retirement plan."
* The taxpayer follows all the procedures set by the financial institution for depositing the funds into an eligible retirement plan within the 60-day period (including giving instructions to deposit the funds into an eligible retirement plan),
"After continued dialogue with advisors, Raymond James will absorb the cost of mutual fund sales charges and fee rebates to clients with eligible retirement plan and charitable trust accounts, and not require advisors to return commissions received on the mutual fund purchase transactions," the firm said in a statement in February.
The Internal Revenue Service (IRS) has amended the two safe harbor explanations that may be used to satisfy the requirement that certain information be provided to recipients of eligible retirement plan rollover distributions.
402(c)(4)); (2) the employee transfers any portion of the property he or she receives in that distribution to an eligible retirement plan described in Sec.
A rollover occurs when you withdraw cash or other assets from one eligible retirement plan and contribute all or part of it within 60 days to another eligible retirement plan.
This section regards a distribution from an eligible retirement plan of a deceased employee into an IRA as an eligible rollover distribution.
(4) For purposes of this article, reference to traditional IRAs (contemplated by [section]402) includes all types of accounts listed in the definition of an "eligible retirement plan." The term eligible retirement plan is defined in [section]402(c)(8)(B) and includes a Roth IRA, a traditional IRA, qualified pension, profit-sharing, stock bonus or annuity plan, tax-deferred annuity, or eligible deferred compensation.
For the definition of "eligible rollover distribution," see Q 455; for the definition of "eligible retirement plan," see Q 456.
unless the distribution is transferred to an eligible retirement plan by