What is a major non-tax advantage to set up a qualified plan? Solution A qualified plan is established by an employer to provide retirement benefits for its employees and their beneficiaries. Following are some of the non tax advantage to set up a qualified plan: 1. Employers are able to attract and retain high-quality employees. A qualified plan may be the tiebreaker that wins over a skilled person who is offered relatively similar compensation packages from different potential employers. 2. If the business has high start-up costs or little cash on hand, one can use a retirement plan to supplement your compensation package. 3. Retirement benefits may give you a recruiting advantage. 4. If the plan is based on profits, the plan may enhance employee motivation and productivity. .