What Is a Qualified Retirement Plan?
HR Lineup
MARCH 13, 2022
The IRS, under tax code section 401a, guides what’s qualified to be a qualified plan. Nonetheless, some common examples include: 401(k). 403(b) plans. SOP – Employee stock ownership plans. SIMPLE – Savings Incentive Match Plan for Employees. Target benefit plans. Profit-sharing plans.
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