A retirement plan set up by an employer for the benefit of the employees. For purposes of the individual retirement account (ira) deduction rules, an employer retirement plan is any of the following:

1. a QUALIFIED PENSION, PROFIT - SHARING, STOCK BONUS, or money purchase plan (including Keogh plan).


2. a section 401(K) PLAN .


3. a union plan.


4. a qualified annuity plan.


5. a plan established for employees of a federal, state, or local government.


6. a tax-sheltered annuity plan for employees of public schools.


7. a SIMPLIFIED EMPLOYEE PENSION (SEP) PLAN .


8. a Section 501(c)(18) trust.

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Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.

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