What is the benefit of Quality to employees?

To guard against tax abuse in the United States, the Internal Revenue Service (IRS) has promulgated rules that require that pension plans be permanent as opposed to a temporary arrangement used to capture tax benefits. Regulation 1.401-1(b)(2) states that "hus, although the employer may reserve the right to change or terminate the plan, and to discontinue contributions thereunder, the abandonment of the plan for any reason other than business necessity within a few years after it has taken effect will be evidence that the plan from its inception was not a bona fide program for the exclusive benefit of employees in general. Especially will this be true if, for example, a pension plan is abandoned soon after pensions have been fully funded for persons in favor of whom discrimination is prohibited..." So no games with quickie plan set up followed up quickie terminations. The IRS would have grounds to disqualify the plan retroactively even if the plan sponsor initially got a favorable determination letter. Determination letters like "'no-action letters'" from the Securities and Exchange Commission (SEC) are advisory and to the extent the tax-payer's actions have strayed the taxpayer is on the hook.