Qualified Plan Definition

An employee benefit plan that provides tax-deferred retirement benefits for employees and their beneficiaries.

Qualified Plan Extended Definition

A qualified plan must meet IRS requirements. As a result, employers are responsible for making sure the plan is operated according to the plan documents so participants receive retirement benefits.

Related Article

What Is the Difference Between Qualified vs. Nonqualified Plans?
A Guide to Common Qualified Plan Requirements

Last Updated By

Rachel Blakely-Gray | Apr 28, 2023

Check out Our Payroll Software

See a Demo

Back to Top