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retirement assignment

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Please respond to each question in your own words.  Avoid sentence fragments. Use correct grammar and punctuation.

Describe the major differences between a Defined Benefit Plan and a Defined Contribution Plan.

 
 

What does it mean for a plan to be ‘qualified’?

 
 
 

If a plan is qualified, how are contributions taxed?

 
 

If a plan is qualified, how are distributions taxed?

 
 
 

What is ERISA? Describe the major provisions.

 
 

What are the disadvantages of a qualified plan?

 
 
 

What is a QDRO?

 
 
 

Explain how vesting works. Provide an example.

 
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