Qualified Plans
What is a Keogh plan?
Answer and explanation
Answer: C. IRS Publication 560 refers to qualified plans as H.R. 10 or Keogh plans when they cover self-employed individuals, operating under the same rules as other qualified plans. The hundred-employee threshold belongs to SIMPLE plans, and a non-qualified executive arrangement is a different thing entirely.Source: IRS Publication 560 — Pub 560, Keogh and H.R. 10 plans
More qualified plans questions
- How is a SIMPLE IRA plan funded?
- In which plan does the participant rather than the employer bear the investment risk?
- What distinguishes a defined benefit plan from a defined contribution plan?
- What feature of a 401(k) plan distinguishes it from a plain profit-sharing plan?
- What is a SEP?
- Which businesses may establish a qualified plan?
621 New York questions like this one.
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