ADVANTAGES OF QUALIFIED PLANS (1 OF 2)
01.Core Concepts
• Taxation of Contributions to Plans • Income tax deferred • Payroll taxes avoided on employer contributions No avoidance for employee elective deferrals • Tax Deferral of Earnings and Income • ERISA Protection • Anti-alienation Prohibits any action that may cause the plan assets to be assigned, garnished, levied, or subject to bankruptcy proceedings • Protection from employers