qualified retirement plan
- 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
- The company sets up a qualified retirement plan to attract qualified employees.
- Under a qualified retirement plan, employees can save for their retirement without worrying about immediate tax issues.
- She felt secure in her future because of the qualified retirement plan she had at work.