What is the meaning of Qualified plan?

Any employee benefit plan that is qualified by the IRS as a tax-exempt plan. Among other requirements, the plan's assets must be placed in trust for the sole benefit of the employees covered by the plan.

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APABarry Goldsmith. (2010). Qualified plan. Retrieved September 27, 2026, from http://smartdefine.org/qualified_plan/definitions/1161605
ChicagoBarry Goldsmith. 2010. "Qualified plan" http://smartdefine.org/qualified_plan/definitions/1161605 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, Qualified plan, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/qualified_plan/definitions/1161605>.
MLABarry Goldsmith. "Qualified plan" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/qualified_plan/definitions/1161605>