What is a Qualified Retirement Plan? - Rules & Options

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What is a Qualified Retirement Plan?

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1. Which is a characteristic of a qualified retirement plan?

2. What are the two types of qualified retirement plans?

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About This Quiz & Worksheet

Questions focus on the characteristics of qualified retirement plans. You will also be tested on the management of these plans. Defined benefit plans will be focused on.

Quiz & Worksheet Goals

Quiz questions focus on:

  • Two types of qualified retirement plans
  • Defined contribution plans
  • Characteristics of a qualified retirement plan

Skills Practiced

  • Knowledge application - use your knowledge to answer a question about what a qualified retirement plan is
  • Reading comprehension - ensure that you draw the most important information from the lesson on retirement plans
  • Information recall - access the knowledge you've gained regarding who takes the risk of managing funds in a defined benefit plan

Additional Learning

Learn more about retirement plans by reviewing the lesson titled What is a Qualified Retirement Plan? - Rules & Options. The covered objectives include:

  • Know the rules for a Qualified Retirement Plan
  • Understand how a defined contribution plan works
  • Differentiate between the different retirement plans
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