Remove Gross Pay Remove IT Remove Pension Remove Profit Sharing Plan
article thumbnail

What Is a Qualified Retirement Plan?

HR Lineup

Some of these plans have an advantage when it comes to taxes. Types of Qualified Retirement Plans. There are three classes of qualified retirement plans, namely: 1. 403(b) plans. SOP – Employee stock ownership plans. SEP – Simplified Employee Pension. Target benefit plans. Profit-sharing plans.