A non-qualified deferred compensation plan is an agreement between two entities to provide compensation at a later date.
NQDC plans allow executives to defer a portion of their compensation and to defer taxes on the money until the deferral is paid.
An explanation of the tax treatment of a nonqualified deferred compensation arrangement is provided. Until a deferred amount is actually paid out to the executive, the executive does not include the said amount in gross income. Until the deferred amount is included in an executive's gross income...
d You Be Doing Now? Nonqualified Deferred Compensation Plans - What Should You Be Doing Now?Nonqualified Deferred Compensation Plans - What Should You Be Doing Now?C. Baird Brown
Nonqualified deferred compensation (NQDC) plans are designed to circumvent the limits imposed by ERISA (Employee Retirement Income Security Act) for key employees. Key employees are defined as a small percentage of the employee population who are key managers or who earn substantially more than ...
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A nonqualified deferred compensation plan is one type of benefit that both you and your employees can enjoy. Find out what a nonqualified deferred compensation plan is, why you might consider offering it, and how to set it up. What is a nonqualified deferred compensation plan? A non...
nonqualified deferred compensation 专业释义 <财会>不限定递延报酬 词条提问
Violating the stringent conditions in the law triggers harsh results. All of the deferred compensation becomes immediately taxable. What's more, there is a 20% penalty, plus interest, charged on this amount. Examples of NQDC Plans NQDC plans refer tosupplemental executive retirement plans(SERPs...
Some examples: Qualified plans include 401(k) plans,403(b) plans, profit-sharing plans, andKeogh (HR-10) plans. Nonqualified plans includedeferred-compensation plans, executive bonus plans, andsplit-dollar life insurance plans. Of course, it gets complicated. Individual retirement accounts (IRAs)...