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Qualified Retirement Plan

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Dictionary Says

Definition of 'Qualified Retirement Plan'

A plan that meets requirements of the Internal Revenue Code and as a result, is eligible to receive certain tax benefits. These plans must be for the exclusive benefit of employees or their beneficiaries.
Investopedia Says

Investopedia explains 'Qualified Retirement Plan'

There are two kinds of qualified plans: defined-benefit plans and defined-contribution plans.

Some examples of defined-contribution plans are 401(k) plans, money-purchase pension plan and profit-sharing plans.

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  10. I have a KSOP through my employer that I've invested 100% in company stock. I am now concerned that I'm not diversified and would like to move out of company stock and into mutual funds. Is this allowed with the funds I've contributed to the account?

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