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What is a Qualified Plan?

  • A qualified retirement plan is an employer sponsored plan that meets the requirements by the Internal Revenue Service (IRS). 
  • Qualified plans must provide for all eligible employees equivalently.
  • Employers may take a tax deduction for contributions to a qualified plan and in some plans employees may make tax deferred contributions. No tax is due on contributions or earnings until money is withdrawn from the plan.
  • Money Purchase Plans, Profit Sharing Plans and 401(k)s allow for true participant self-direction, thereby reducing the employer's fiduciary responsibilitiesFor more information visit www.irs.gov

  

What Type of Qualified Plan can I invest in with Place Trade?

 

Place Trade offers a wide variety of retirement plan options to meet all of your corporate, enterprise or small business needs including: 

         
  SEP IRAs   Group 401(k) Plans for larger organizations Please call us at 1-919-719-7200 to speak with a Group 401(k) Retirement Specialist!  
         
  SIMPLE IRAs      
         
 

Traditional and Roth 401(k) Plans

Multiple Employer Plans (MEP)

One-Participant 401(k) Plans

 

Qualified Profit Sharing Plans & Qualified Money Purchase Plans

 

Investment Trust Accounts:

We offer Investment Trust Account for employers who wish to use brokerage services (including investing in stocks, bonds, options and more) versus traditional investments in their 401(k) retirement accounts and choose to do their own reporting to the IRS. 

 
         

Learn more about the available Qualified Plans as well as individual retirement accounts that are available to be held in your Place Trade Brokerage Account or Managed by Place Trade and held fund direct at major investment management companies by viewing the chat below. (Please call us if you hold a different type such as a 403(b), 457, Thrift Savings, etc.) and where your choice of investments may be held. You choose the type of account that is right to meet your goals!

 

Types of Retirement Accounts offered at Place Trade or under Place Trade management:

 

Type of Plan

 

Traditional Brokerage Account

 

  • Trade Online or Choose Full Service Advice
  • Account held at Place Trade
  • Available Investments:  Stocks, Options, Mutual Funds,1 Bonds, etc.
 or

 

Investment Company Account

 

  • Managed by Place Trade
  • Account held Fund Direct
  • Available Investments:  Mutual Funds1 (Traditional brokerage is usually not available)

Traditional IRA

Yes   Yes

Roth IRA

Yes   Yes

SEP IRA

Yes   Yes
       

SIMPLE IRA

Yes, but only via a Trust Account for the benefit of the SIMPLE IRA plan.    Yes

Solo 401(k)

Yes, but only via a Trust Account for the benefit of he 401(k) plan.   Yes, in traditional form.

401(k)

Yes, but only via a Trust Account for the benefit of he 401(k) plan.  
  • Yes, in traditional investment company form.  (Holding Mutual Funds.)
  • Traditional brokerage services may be available under specific plans.  
  • Please speak to an experienced retirement specialist for more details by calling 1-800-50-PLACE or 1-919-719-7200 today.

Qualified Profit Sharing Plan

2Please call us at 1-919-719-7200 today.   2Please call us at 1-919-719-7200 today.

Multiple Employer Plan (MEP)

Yes, but only via a Trust Account for the benefit of he 401(k) plan.   2Please call us at 1-919-719-7200 today.

Qualified Money Purchase Plan

2Please call us at 1-919-719-7200 today.   2Please call us at 1-919-719-7200 today.

Mutual Funds: We offer a choice of over 2,000 Mutual Funds from within your Place Trade brokerage account and your choice of thousands more via investment companies.  2Please give us a call to speak with an experienced retirement plan specialist today for more details at 1-800-50-PLACE or 1-919-719-7200 today.

 Learn more about Qualified Plans by visiting the official IRS website and please speak with your tax and/or legal advisor before making any tax or investment related decisions.

 

Please Note:

Each alternative offers different investment choices and restrictions. Please speak with an experienced retirement specialist today by calling 1-800-50-PLACE or 1-919-719-7200. *Assumes you are qualified to hold such accounts.


It is important to review each plan and available investments within the plan as each custodian is different and not required to offer the same investments or charge the same fees as another custodian. 

 
 

Trading Permissions in an IRA     Account Configuration: IRA FAQs      Traditional 401(k) plans for employers as well as Solo 401(k) plans and other retirement plans for self employed individuals.

Get more info on Retirement Planning for Large and Small Businesses:

Qualified Plans             

SEP IRAs

SIMPLE IRAs

Qualified Plans: One-Participant 401(k) Plans

Retirement Plan Rollover Chart

Rollover Your 401(k)

Retirement Planning    

Tax Reporting

View the General Characteristics of Qualified Profit Sharing Plans & Qualified Money Purchase Plans

Self-Employed 401(k) - Individual 401(k) - Owner Only 401(k) Plans 

 

IRS Circular 230 Notice: These statements are provided for information purposes only, are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations, and do not resolve any tax issues in your favor.

 

 

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts