Qualified retirement plan

Definition: [crh] A retirement plan established by employers for their employees that meets the requirements of Internal Revenue Code SectioDefinition: n 401(a) or 403(a) and is eligible for special tax considerations. The plan may provide for employer contributions, as in a pension or prDefinition: ofit-sharing plan, as well as employee contributions. Employers can deduct plan contributions made on behalf of eligible employees on thDefinition: e business's tax return as business expenses. Plan earnings are not taxed to the employee until withdrawn.

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