What Is a Qualified Retirement Plan?
HR Lineup
MARCH 13, 2022
However, the tax deduction is limited to a maximum of 25% of the total salary of the employees in this qualified employee benefit plan. SEP – Simplified Employee Pension. As an employer, your contributions towards a qualified plan are tax-deductible. Hybrid plan. SOP – Employee stock ownership plans. Keogh (HR-10).
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