A retirement plan that qualifies for special tax treatment. Examples include IRAs and 401(k)s.
A plan sponsored by an employer to provide retirement benefits for employees who meet certain regulatory requirements. The employer may deduct contributions to the plan and the employees do not include benefits in their taxable income until received, usually after they retire. See Defined-benefit plan and Defined-contribution plan.
An employer-sponsored plan that meets IRS requirements for certain tax advantages.
an employee benefit plan that meets the requirements ofIRC Sec
an employer sponsored plan that meets the requirements established by the IRS and Congress
a written plan you can set up for the exclusive benefit of your employees and their beneficiaries
A retirement plan that satisfies requirements under the tax laws for tax-favored status. Employer contributions made on behalf of eligible employees to a qualified retirement plan are deductible when made. Earnings on those amounts enjoy tax-deferred investment growth, and employees pay no tax on their benefits until paid. Distributed benefits generally may be rolled over to an IRA for additional tax-deferred growth and self-directed investment choices.
A Qualified Retirement Plan is a plan maintained by an employer that provides retirement income to employees or results in deferral of income to the end of employment or beyond. The plan must meet extensive Internal Revenue Service requirements that allow for special tax treatment of contributions.
A retirement plan that meets certain IRS requirements, including that it be in writing, be fully funded, and not discriminate in favor of highly paid employees. A measurement of investment risk that shows how closely the portfolio's performance correlates with the performance of a benchmark index such as the Standard and Poor's® 500 Index -- and thus indicates how closely that performance is linked to the broad market. A high R signifies that the portfolio's fluctuations generally reflect market moves, while a low R indicates that other factors tend to drive fund performance.
Qualified retirement plans are generally any plan or arrangement eligible for special federal income tax treatment. Examples of qualified retirement plans include 401(k) plans, profit-sharing plans, IRAs, etc.
A retirement plan established by employers for their employees that meets the requirements of Internal Revenue Code Section 401(a) or 403(a) and is eligible for special tax considerations. The plan may provide for employer contributions, as in a pension or profit-sharing plan, as well as employee contributions. Employers can deduct plan contributions made on behalf of eligible employees on the business's tax return as business expenses. Contributions to such a plan are generally tax-deductible; earnings on such contributions are always tax sheltered until withdrawal.
A retirement plan established by employers for their employees that meets the requirements of Internal Revenue Code Section 401(a) or 403(a) and is eligible for special tax considerations. The plan may provide for employer contributions, as in a pension or profit-sharing plan, as well as employee contributions. Employers can deduct plan contributions made on behalf of eligible employees on the business's tax return as business expenses. Plan earnings are not taxed until withdrawn. Vista 401(k) is a qualified retirement plan.
A retirement plan that receives favorable tax treatment under Sections 401, 403, 408 or 457 of the Internal Revenue Code.
A plan that meets the requirements of Internal Revenue Code Section 401(a) and is thus eligible for favorable tax treatment. opposite of non-qualified retirement plan.
A pension, profit-sharing, or qualified savings plan that is established by an employer for the benefit of the employees. These plans must be established in conformity with IRS rules. Contributions accumulate tax deferred until withdrawn and are deductible to the employer as a current business expense.
Plan that meets the qualification requirements set out in detail in Internal Revenue Code sections 401 and 403(a), and as such, are plans established, operated and supported by employers, which have been submitted to and formally approved and "qualified" by the Internal Revenue Service.
A retirement plan sponsored by a business for its employees, such as a 401(k) or a 403(b). Contributions are pre-tax, and the earnings grow tax-deferred. Any withdrawals made before age 59 1/2 will usually be penalized. To be qualified, the plan must be open to all employees.
In the United States, an employer-sponsored retirement plan that satisfies complex legal requirements to receive federal income tax benefits. Known as a registered plan in Canada.
A pension, profit-sharing or employer-maintained retirement plan meeting the requirements of Sections 401 (a), 403(a) or 501(c) of the Internal Revenue Code.
A retirement plan that may (1) permit contributions by both employees and/or the employer and allows some kind of tax benefits (such as deferring payment of taxes on some contributions and earnings); (2) restrict distribution of the money so it is used in retirement, except under certain circumstances. Both defined benefit plans (such as a pension plan) and defined contribution plans (such as a 401(k) plan) may be qualified retirement plans.
tax-deferred plan established by an employer for employees under IRS rules. A qualified retirement plan usually includes provisions for employer contributions (money purchase pension plans) and may also allow employee contributions. Certain deductions and other tax benefits may apply to employer contributions to these plans. The plans build up savings, which are paid out at retirement or on termination of employment . Employees pay taxes only when they withdraw the money. Examples of qualified retirement plans include 401(k), 403(b), Money Purchase, Profit Sharing, Defined Benefit, and Keoghs.
A plan that conforms to federal law. As a result, an employer and its employees can make before-tax contributions into the plan, with the contributions growing tax-free until retirement or termination of employment. As he or she receives retirement benefits from the plan, ordinary income taxes are paid by the employee on the entire amount of each benefit payment. Ordinary income taxes are also payable by the employee if, following termination of employment prior to retirement, he or she cashes out the retirement plan by taking a lump sum payment. These taxes can be deferred, however, if the terminating employee rolls over all benefits into an IRA account within 60 days of receiving the lump sum payment.
an employee benefits plan whereby contributions by an employer are tax deductible as business expenses, as defined by IRS code. Employee contributions are treated as tax-deferred income and are not subject to federal taxes until they are dispersed after retirement.
A qualified retirement plan is one that has been approved by the IRS and generally gets preferential tax treatment. For example, employers can deduct plan contributions made on behalf of eligible employees on the business' tax return.
401(k) plans, 403 (b) plans or Keogh plans are sometimes referred to as qualified retirement programs. Such plans typically allow individuals to contribute both pre- and after-tax money for a tax-deferred investment. These plans are usually funded by contributions from employee wages, which may be enhanced by employer contributions.
An employee benefit plan that qualifies for special tax treatment under Internal Revenue Code Section 401(a).
A tax-deferred plan set up by an employer, designed to accumulate savings and featuring certain deductions and tax benefits. Examples include profit sharing and pension plans which provide for employer contributions. Qualified plans may also allow for employee contributions. An employee can generally withdraw the money at retirement or termination, paying taxes only at the time of withdrawal. Common types are 401(k), 403(b), simplified employee pension (SEP), simple IRA, profit sharing and Keogh plans. back to the top
A plan that meets requirements of the Internal Revenue Code and as a result, is eligible to receive certain tax benefits. These plans must be for the exclusive benefit of employees or their beneficiaries.