单词 | qualified retirement plan |
释义 | qualified retirement planDefinition A plan established by employers under the requirements set forth in Section 401(a) and 403(a) of the Internal Revenue Code for the benefit of their employees who want to save for retirement. Plans that meet the requirements receive favorable tax treatment on behalf of the employer and the plan participants, such as the tax deductibility of contributions and tax deferral on earnings in the plan. |
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