Excess 401(k) Plans: Another Type Of Nonqualified Deferred Compensation

UPDATES! Excess 401(k) Plans: Another Type Of Nonqualified Deferred Compensation

by Richard Friedman

To help employees accrue retirement benefits beyond the limits of regular 401(k) plans, some public companies maintain an excess 401(k) plan that can be made available to almost all employees, as opposed to top-hat elective deferral plans. This article explains the workings of excess 401(k) plans and the related issues, including taxation.

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