Free Version

Dashboard
Review Topics
Quizzes
Practice Exams
Flashcards
Vocabulary
The proctors just offered me a position as a time-limit enforcer. I'm thinking about taking the job: if you mess with the buffalo, you'll get the horns...LITERALLY.

Nonqualified Retirement Plans

Nonqualified Retirement Plans

A nonqualified retirement plan is any type of retirement plan that falls outside of the ERISA guidelines and standards for retirement plans. Nonqualified plans do not allow employers a current tax deduction on any contributions that are made into the plan. They do receive a tax deduction when the money is eventually paid out to the employee, however.

Nonqualified plan sponsors must communicate the plan details in writing to eligible employees, and they are considered fiduciaries of the plan,...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

$65.65
Next: Special Accounts
Prev: Qualified Retirement Plans

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.