What Does Nonqualified Plan Mean?

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What does Nonqualified Plan mean? Read on to discover the definition & meaning of the term Nonqualified Plan - to help you better understand the language used in insurance policies.

Nonqualified Plan

Nonqualified Plan

A retirement plan that does not meet federal government requirements and is not eligible for favorable tax treatment.

We hope the you have a better understanding of the meaning of Nonqualified Plan.

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