MLchartDataset catalogue

Qualified plan

Term · Insurance and risk management · MLC-T-INS-002772

An employee benefit plan, such as a 401(k) or pension plan, that meets specific requirements under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code. These plans receive favorable tax treatment, allowing contributions to be tax-deductible and earnings to grow tax-deferred until retirement. They must adhere to strict rules regarding eligibility, vesting, and non-discrimination.

Table 1. Record
IdentifierMLC-T-INS-002772
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002772",
  "term": "Qualified plan",
  "field": "Insurance and risk management",
  "definition": "An employee benefit plan, such as a 401(k) or pension plan, that meets specific requirements under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code. These plans receive favorable tax treatment, allowing contributions to be tax-deductible and earnings to grow tax-deferred until retirement. They must adhere to strict rules regarding eligibility, vesting, and non-discrimination.",
  "url": "https://mlchart.com/terminology/insurance/qualified-plan/"
}

Record 2,799 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.