Many employers that offer qualified plans will partially or fully “match” each employee’s contribution to the plan. Not all employers offer a match, but many do, and the match amount and terms can vary widely among employers. A typical match scenario might look like this: Employer will contribute 50% of the employee’s Read More >
What Do Qualified Plans Do?
Posted on: 09.09.14
Qualified plans do several things: They make it easy to save for retirement. They offer the opportunity to receive an employer match on your contributions. They defer otherwise payable income taxes. They defer the income tax calculation. Let’s evaluate each one individually. ⇒ Qualified plans make it Read More >
What is a Qualified Plan and How Does It Work?
Posted on: 09.02.14
401(k)s & IRAs belong to a class of retirement vehicles called Qualified Plans. By meeting the requirements of Section 401 of the Internal Revenue Code, 401(k)s qualify for certain tax treatment, the most significant being that both employer and employee contributions are tax-deductible in the year they are made, Read More >