Qualified Plan: A plan under which contributions by the employer are allowed as a
deduction from taxable income, and which provides that the deposits for his employees,
future benefits are not to be considered as taxable income to them in the year in which
they are made.
The above information is for general informational purposes only and is not to be
construed as a recommendation or advice in any way shape or form.
|Copyright © 2016 Stephen W. Gersh Insurance Agency, Inc. All rights reserved.