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.

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9 May 2017 - Arizona, US-based third party administrator of qualified retirement plans Pinnacle Plan Design, LLC has acquired Arizona, US-based actuarial consulting firm Kollman and Associates, Ltd.

Pinnacle Plan Design Acquires Arizona, US Actuarial Consulting Firm Kollman

An earlier IRS notice from 2014 did require qualified retirement plans to be amended to reflect the Windsor v.

Did You Know?

For those clients who are eligible to take lump sum distributions from their qualified retirement plans, however, often overlooked considerations must be taken into account in order to take full advantage of the potential tax savings that can be realized if retirement plan assets include appreciated company stock.

The Tax Trap of Year End Qualified Plan Distributions

In the case of qualified retirement plans, this could be the plan sponsor, plan administrator or any other plan fiduciary.

Current developments (Part II): this two-part article provides an overview of current developments in employee benefits, including executive compensation, welfare benefits and retirement plan requirements. Part II focuses on qualified retirement plans and welfare benefits

Administrators of employee benefit plans, as well as qualified retirement plans should determine if they meet the definition of fiduciary.

What is your fiduciary IQ?

QUALIFIED RETIREMENT PLANS THAT HAVE NOT BEEN properly updated or have not been operating according to plan provisions may be disqualified and, as a result, lose important tax benefits.

Get back on track: an IRS program helps correct retirement plan defects so tax benefits are not lost

Contributions to HSAs are pre-tax, and qualified retirement plans are tax-deferred, and both also accumulate tax-free.

HSAs and retirement plans: employers should tailor their contributions to health savings accounts and qualified retirement plans to ensure they complement rather than cannibalize each other

Investment Advisor (Shrewsbury, NJ), a magazine serving independent financial advisors published by Wicks Business Information, has launched Retirement Plan Advisor/Interactive Edition, a monthly e-newsletter focusing on the needs of readers who offer 401(k) and other qualified retirement plans to their clients.

The Treasury and IRS issued final regulations regarding minimum distribution rules for defined benefit plans and annuity products purchased with account balances in other types of qualified retirement plans and IRAs.

Defined benefit plan and annuity distribution rules

Establishing and maintaining qualified retirement plans is very costly for employers.

AICPA comments on Bush Administration's proposals on retirement plans

New tax laws require all qualified retirement plans to be restated.

IRS retirement plan alert. (Dollars and Sense)

Even though qualified retirement plans are subject to numerous pension law protections (namely, the Employee Retirement Income Security Act of 1974, more commonly known as ERISA), individuals often prefer not to leave their retirement funds under the control of an organization where they no longer work.

Physician retirement plans: the impact of organizational structure. (Your Money)