A retirement plan which meets IRS standards and therefore allows employers to deduct pension contributions as a business expense is known as a:

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Quizplus · Accepted Answer

A qualified plan is a retirement plan that meets IRS standards for allowing employers to deduct pension contributions as a business expense. This includes 401(k)s, profit-sharing plans, and defined benefit plans, among others. Vested and funded refer to other aspects of a retirement plan and do not necessarily indicate that it meets IRS standards.

A Retirement Plan Which Meets IRS Standards and Therefore Allows