401(a): SUMMARY OF A QUALIFIED TRUST
01.Core Concepts
The trust must be: 1. established or organized as a domestic trust in the United States 2. part of a pension, profit-sharing, or stock bonus plan established by an employer for the exclusive benefit of its employees or their beneficiaries 3. formed for the purpose of distributing to the employees or their beneficiaries the corpus and income of the fund accumulated by the trust in accordance with the plan 4. part of a plan that is not discriminat ory in favor of certain specified classes of employees 5. part of a plan under which contributi ons or benefits do not discriminate in favor of certain specified classes of employees 6. part of a plan that provides certain nonforfeitable rights