a legal method of accumulating money for retirement funds and other purposes
an employer-sponsored retirement or other deferred compensation plan that
An agreement or promise by an employer to certain employees to pay at some future date for services performed currently. These plans do not qualify for the special tax treatment given to qualified plans.
A retirement plan that does not meet federal government requirements and is not eligible for favorable tax treatment.
A pension plan that does not meet the requirements for preferential tax treatment. This type of plan allows an employer more flexibility and freedom with coverage requirements, benefit structures, and financing methods.
Retirement plan that does not fall within the IRS and ERISA guidelines established for a plan to be qualified for tax purposes.
A retirement plan that does not meet the IRS requirements for favorable tax treatment.
In the context of employee benefits, an employer plan that does not meet IRS qualifi- cation requirements.
Nonqualified plans are benefit plans used by businesses to provide benefits on a selective basis to chosen employees. The major types of nonqualified plans are split dollar, deferred compensation, executive bonus and group carve out plans.
An employer plan that does not meet IRS qualification requirements.
Retirement plan that does not meet the requirements of ERISA for special tax treatments. Often used for supplemental plans.
A retirement or employee benefit plan that is not eligible for favorable tax treatment.