Table of Contents
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25% of an eligible employee's compensation.
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$40,000 (subject to cost-of-living adjustments after 2002).
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Qualified retirement plans.
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403(b) plans.
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Simplified employee pensions (SEP).
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SIMPLE plans.
For plan years beginning after 2002, a qualified employer plan can provide for voluntary employee contributions to a separate account or annuity that is deemed to be an IRA.
For this purpose, a qualified employer plan includes a deferred compensation plan (section 457(b) plan) maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state.
The term qualified employer plan also includes:
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A qualified pension, profit-sharing, or stock bonus plan (section 401(a) plan),
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A qualified employee annuity plan (section 403(a) plan), and
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A tax-sheltered annuity plan (section 403(b) plan).
More information about IRAs can be found in Publication 590, Individual Retirement Arrangements (IRAs).
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