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Tax Qualified Plan
Services > Tax Qualified Plan

Tax Qualified Plan for Burbank, Glendale, Hollywood, Los Angeles, Pasadena, Sherman Oaks, CA and Surrounding Areas

Definition of 'Qualified Retirement Plan' A plan that meets requirements of the Internal Revenue Code and as a result, is eligible to receive certain tax benefits. These plans must be for the exclusive benefit of employees or their beneficiaries. There are two kinds of qualified plans: defined-benefit plans and defined-contribution plans. Some examples of defined-contribution plans are 401(k) plans, money-purchase pension plan and profit-sharing plans.