A qualified retirement income plan:

A) is only available to top management
B) does not have to adhere to any strict tax regulations
C) is regulated by the Department of Justice
D) replaces Social Security in participating organizations
E) receives favorable tax treatment

A qualified retirement income plan receives favorable tax treatment, which means that contributions made to the plan are tax deductible, and the earnings are tax-deferred until retirement. This type of plan is available to all employees of an organization, not just top management. It is also subject to strict tax regulations by the Internal Revenue Service, not the Department of Justice. It does not replace Social Security, but can be used in conjunction with it.