A qualified plan is a retirement plan that meets IRS rules and receives special tax benefits for both employers and employees. A qualified plan is any employer-sponsored retirement plan that …

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A QJSA is a legally required form of pension payment designed to protect spouses by guaranteeing lifelong income for both the participant and their surviving spouse. Meta description: Learn what …

What is a Qualified Joint-and-Survivor Annuity (QJSA)? – Simple and Easy Explanation Read More

A QDRO is a court order that lets a former spouse, child, or other dependent receive a portion of a retirement benefit. A Qualified Domestic Relations Order (QDRO) is a …

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A prohibited transaction is a retirement plan deal ERISA does not allow. Learn what counts, who is involved, and how to avoid costly violations. A Prohibited Transaction is a financial …

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A Professional Service Employer is a business owned or controlled by licensed professionals whose primary work is delivering specialized services. A Professional Service Employer is a business organization owned or …

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A clear guide to how PBGC assigns pension benefits into priority categories when a single-employer plan terminates. When a single-employer pension plan is taken over by the Pension Benefit Guaranty …

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A clear guide to understanding how present value helps estimate the true worth of future pension payments. Understanding present value is essential when talking about retirement plans and pension benefits. …

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Annual payments that pension plans must pay to the PBGC to insure benefits. PBGC premiums are mandatory annual payments that defined benefit pension plans make to the Pension Benefit Guaranty …

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A Premium Filer is the person or entity responsible for submitting PBGC premium filings and payments for a PBGC-insured pension plan. A Premium Filer is someone who handles the required …

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A practitioner is a professional who manages or consults on the administration of a pension plan. They may be administrators, actuaries, consultants, attorneys, or accountants. A practitioner plays a vital …

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