Definitions for "Non-Qualified Plan"
A retirement plan that does not qualify for the federal tax advantages received by qualified plans, but which, in turn, is subject to fewer restrictions regarding participants and contribution limits.
a retirement plan which is not subject to ERISA, and thus not required to accept QDROs
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.