What Does It Mean To Be A Qualified Retirement Plan? 
A qualified retirement plan is a government sanctioned plan that generally allows tax deductible contributions like 401 -LRB- k -RRB- s , 403 -LRB- b -RRB- s , 412 -LRB- e -RRB- s , SEPa , IRAs , etc. . There are also qualified defined benefit plans sponsored by employers.These plans accumulate tax deferred and are taxable at distributions . 