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The term "Qualified Plan"


Guest cron55

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Guest cron55

It seems that opinions vary as to what constitutes a "Qualified"

Plan, so I will throw in my 2 cents.

I have always defined a "qualified" plan as one subject to the limitations and restrictions of ERISA.

Any form of deferred compensation arrangement that is not subject to the restrictions and limitations imposed by ERISA would therefore be considered a "non-qualified" plan.

I hope this helps.

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Hmm, but that would exclude all governmental plans, even those that are qualified within the meaning of Internal Revenue Code section 401(a). ..

Employee benefits legal resource site

The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances.

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