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What Is a Qualified Retirement Plan?

HR Lineup

Some of these plans have an advantage when it comes to taxes. For such a program to enjoy any tax benefits , it has to conform to the standards set in the US tax code, section 401a. Types of Qualified Retirement Plans. There are three classes of qualified retirement plans, namely: 1. Defined benefits plan.

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All You Need to Know About Profit-Sharing

Vantage Circle

Are you looking for a different way to compensate your employees? If that's the case, a profit-sharing plan is just right for you! According to a Gallup poll, 40% of the employees want profit-sharing options as a part of their compensation plan. Types of Profit-Sharing Plan.

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The A to Z Explanation About Phantom Stocks

Vantage Circle

A phantom stock, also known as “shadow stock” or “ghost shares”, gives employees the opportunity to share in the wealth and success of the company. Companies do this by providing employees with a stake in the company's stock as well as a retirement plan to ensure they have enough money later on in life.