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Retirement Plans for Your Business

Qualified Retirement Plans

A qualified retirement plan is an employer-sponsored retirement plan that meets the requirements of the Internal Revenue Code and the Employee Retirement Income Security Act, making it eligible for certain tax benefits. Those can include tax deductions for employer and employee contributions and tax-deferral of investment gains.

Source:  Investopedia

  • 401(k)
  • Profit Sharing
  • Defined-Benefit
  • Cash Balance
  • ESOP
Qualified Plans

Non-Qualified Plans

A nonqualified plan is a type of tax-deferred, employer-sponsored retirement plan that falls outside of Employee Retirement Income Security Act (ERISA) guidelines. Nonqualified plans are designed to meet specialized retirement needs for key executives and other select employees and can act as recruitment or employee retention tools. These plans are also exempt from the discriminatory and top-heavy testing that qualified plans are subject to.

Source:  Investopedia

  • Deferred Compensation Plans
  • Executive Bonus Plans
  • Group Carve-Out Plans
  • Split-Dollar Life Insurance Plans
  • SERP
  • Golden Handcuffs
Non-Qualified Plans