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Frequently Asked Question
Why did some executives in the past have the ability to receive a lump distribution of all their assets in the NQDC?

Under the transition rules for the regulations of IRC Section 409A, companies could amend their NQDC plan to provide for a one-time lump-sum distribution…

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More FAQs
Does the money in my NQDC plan count in the calculation when I convert a traditional IRA to a Roth IRA?
Can income from my NQDC distribution alone qualify me to establish an IRA?
Can I use my NQDC distributions to fund my living expenses before I reach the age of mandatory IRA and 401(k) withdrawals, and to delay getting Social Security payments?
Which is better: a class-year plan or an account-based plan?
What are class-year plans and account-based plans for deferrals and distributions?
Can I time NQDC distributions to fund my children’s college tuition?
Why did some executives in the past have the ability to receive a lump distribution of all their assets in the NQDC?
Can I roll over my distributions from the NQDC plan into an IRA and keep the tax-deferred status?
I have started receiving Social Security payments. If I start receiving distributions from my NQDC plan, must I still pay Social Security tax on the income? Can this income cause my Social Security payments to be taxed too?
Can I give my NQDC assets directly to a charity or name a charity as a beneficiary under my plan?

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