What is a 457(b)? A 457(b) deferred compensation plan is a type of tax-advantaged retirement savings account that certain state and local governments and tax-exempt organizations offer employees. Think: law enforcement officers, civil servants, and university workers. When you open a 457(b)...
As an employer, offering benefits is advantageous for your business, too. 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 ...
A 457 retirement plan is an employer-sponsored retirement plan, similar to a 401(k), that can be set up for employees of state and local governments or tax-exempt organizations. If enrolled in a 457 plan, a participant can regularly contribute to her retirement savings and also benefit fro...
The 457 Plan or Deferred Compensation plan is a lesser known retirement plan, only offered to certain types of employees. Find out more.
Accounting for deferred compensation involves recording employees' pay at the end of an accounting time period as an adjustment to...
Box 11:Reports the total amount distributed to you from your employer’s non-qualified deferred compensation plan. Box 12:Reports several different types of compensation and benefits. If applicable, this box will indicate asingle or double letter codefollowed by a dollar amount. ...
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
Michael S. Melbinger
Deferred Compensation vs. 401(k) A deferred compensation plan is generally an addition to a company 401(k) plan and may be offered only to a few executives and other key employees as an incentive. Generally, those employees participate in both plans. They max out their contributions to the ...
Deferred Compensation vs. 401(k) A deferred compensation plan is generally an addition to a company 401(k) plan and may be offered only to a few executives and other key employees as an incentive. Generally, those employees participate in both plans. They max out their contributions to the ...