Examlex
A superclass only exists as part of a generalization/specialization.
Highly Compensated Employees
Employees who receive compensation above a specific threshold set by the IRS, making them subject to different regulations for retirement plan contributions.
Qualified Status
A designation indicating that a plan, typically a retirement plan, meets the requirements set by the IRS to receive tax advantages.
Roth IRA
A retirement savings account that allows your money to grow tax-free, with qualified withdrawals in retirement being tax-free as well.
Deductible Contribution
An investment or payment that can be subtracted from one's gross income to reduce taxable income, often related to retirement accounts or charitable donations.
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