What Qualifies As An Erisa Qualified Retirement Plan? 
On September 2 , 1974 the Employee Retirement Income Security Act became law . The law was to establish financial disclosure of fees , standards for fiduciaries and provide guidance for plan participants . Recently 408 -LRB- b -RRB- -LRB- 2 -RRB- was added to shore up the full disclosure of plan costs . Plans developed under ERISA like 401 -LRB- k -RRB- s permit tax deductible contributions and tax deferred accumulation with distributions taxable as ordinary income . 