Definition: Nonqualified Deferred Compensation Plan

Term: Nonqualified Deferred Compensation Plan

Definition:Typically used for senior executives and highly compensated employees, this retirement income plan does not meet the guidelines for a qualified plan, therefore they do not meet the criteria to be eligible for the tax advantages of a qualified plan.

To find keyword content within a course, select the course link below.

Course	Page Number
42 - Accumulated Earnings and Deferred Compensation	13
72 - Nonprofit Variable Pay	19

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Nonqualified Deferred Compensation Plan