qualified retirement plan

Definition of "qualified retirement plan"
  1. A retirement program fulfilling specific criteria of the Internal Revenue Code, which makes it entitled to tax benefits, often with employers being able to make tax-free contributions on behalf of the eligible employees who are taxed only upon withdrawing the funds
How to use "qualified retirement plan" in a sentence
  1. The company sets up a qualified retirement plan to attract qualified employees.
  2. Under a qualified retirement plan, employees can save for their retirement without worrying about immediate tax issues.
  3. She felt secure in her future because of the qualified retirement plan she had at work.

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