Pay me later

• Published in: Association management Vol. 45; no. 8; p. 93
• Main Author: Mason, Kenneth A
• Format: Journal Article
• Language: English
• Published: Washington American Society of Association Executives 01.08.1993
• Subjects: Associations; Deferred compensation; Employees; Employers; Executive compensation; Executives; Internal Revenue Code; Section 401; Section 401(k); Section 457(b); Section 457(f); Section 501(c); Tax exemptions; Tax regulations; US

In providing deferred compensation to its executives, most employers inevitably adopt a 3-layered approach based on hierarchy: 1. Qualified plans fall under Section 401 of the tax code. With the exception of Section 401(k) plans, qualified plans may be established by both taxable and tax-exempt empl...