Is A Profit Sharing Plan A Qualified Retirement Plan?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaA Profit Sharing Plan is a Qualified Retirement Plan under ERISA, The Employee Retirement Income Security Act of 1974. A profit sharing plan is a defined contribution retirement plan which the employer can elect to determine the amount that can be contributed to the plan. The contributions accumulate tax deferred and distributions are taxed as ordinary income.Answered on June 28, 2013+01+1 this answer
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