- 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.
Investment dictionary. Academic. 2012.