-n 23 of 75. # the following are advantages of a qualified plan for either an employee or employer EXCEPT stributions from a qualified plan will be nontaxable. Employers may deduct the annual allowable contributions that they make for each plan participant. In some cases, taxes may be deferred even further through a transfer into a different plan or an IRA acc Contributions and earnings on those contributions are tax-deferred until withdrawn for each participant. Mark for follow up