A qualified retirement plan is a savings and investment vehicle that meets the requirements of the Internal Revenue Code (IRC) and qualifies for certain tax benefits. These plans are typically sponsored by employers and are designed to help employees save for retirement. Contributions to qualified retirement plans are often tax-deductible, and the investment earnings within the plan are tax-deferred until withdrawal. Common types of qualified retirement plans include 401(k) plans, 403(b) plans for employees of public schools and certain tax-exempt organizations, and traditional IRAs. These plans often offer a range of investment options, such as mutual funds, stocks, and bonds, allowing participants to build a diversified retirement portfolio. It's important to note that there are specific rules and regulations governing qualified retirement plans, including contribution limits, withdrawal penalties, and required minimum distributions (RMDs) after reaching a certain age. Overall, qualified retirement plans play a crucial role in helping individuals save for a financially secure retirement.