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AGREEMENT OF PURCHASE AND SALETHIS AGREEMENT OF PURCHASE AND SALE (this Contract), made and entered as of the Effective Date (as defined below), by and between [SELLER NAME], a [SELLER JURISDICTION
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A form of qualified contract is a specific type of legal agreement under section 401(a)(26) of the Internal Revenue Code that allows certain retirement plans to be structured to meet the qualifications required by the IRS.
Employers who sponsor qualified retirement plans are required to file a form of qualified contract to ensure compliance with IRS regulations.
To fill out a form of qualified contract, employers need to provide specific details about the retirement plan, including the type of plan, participant information, and compliance with IRS regulations.
The purpose of the form of qualified contract is to confirm that a retirement plan meets the qualification requirements set forth by the IRS, thus ensuring its tax-advantaged status.
Information reported on the form of qualified contract includes the plan sponsor's details, plan type, number of participants, and any compliance tests or certifications.
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