Definitions for "Qualified Plan"
Employee benefit plan, trust or other arrangement providing retirement benefits. Receives favored tax treatment under IRS Code.
A tax-deferred savings plan, such as a profit-sharing or a pension plan, or individual retirement account (IRA).
A retirement plan under which contributions by the employer are allowed as a deduction from taxable income, and which provides that the deposits for employees' future benefits are not to be considered as taxable income to them in the year in which they are made.