Retirement

Qualified retirement plans are set up by employers to provide employees with opportunities to save for retirement. A self-employed person or small business owner can also set up some of these plans, even if there are no employees in the business. Qualified Retirement Plans meets the requirements of Internal Revenue Code Section 401(a) and the…

A cafeteria plan is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. Its name come from the earliest such plans that allowed employees to choose between different types of benefits, similar to a cafeteria. Employers who are offered such plan may obtain following…