Qualified plan
(29) Qualified plan. Qualified plan means a qualified plan within the meaning of 1.401(a)(4)-12. (30) Section 401(l) plan. Section 401( l) plan means a section 401(l) plan within the meaning of 1.401(a)(4)-12. (31) Section 414(s) compensation. Section 414(s) compensation means section 414(s) compensation within the meaning of 1.401(a)(4)-12. (32) Social security retirement age. Social security retirement age for an employee means the social security retirement age of the employee as determined under section 415(b)(8). (33) Straight life annuity. Straight life annuity means a straight life annuity within the meaning of 1.401(a)(4)-12. (34) Taxable wage base. Taxable wage base means the contribution and benefit base under section 230 of the Social Security Act (42 U.S.C. 430). (35) Year of service. Year of service means a year of service as defined in the plan for purposes of the benefit formula and the accrual method under the plan, unless the context clearly indicates otherwise. See 1.401(a)(4)-11(d)(3) for rules on years of service that may be taken into account for purposes of nondiscrimination testing, including satisfying section 401(l).