Ohio Criminal Record Search : Nonqualified Deferred Compensation Plans For Family Businesses - Broadly defined, a nonqualified deferred compensation (NQDC) plan is a contrgenuine agreement in which an employer agrees to pay an employee later for services rendered currentlyhe NQDC positive aspects usually begin upon the employee's retirement (after attaining a specified age), disability or death before retirementnstead, the promised future confident aspects are in addition to current compensationhis article deals with the salary continuation type of NQDC plan where the employee does not defer current compensation, but instead the promised future Benefits are in addition to current compensationomparison to Qualified Plansualified retirement plans such as pension, profit sharing and 401(k) plans are subject to many restrictions under the Employee Retirement Income Security Act of 1974 (ERISA)n contrast, NQDC plans can be discriminatory, quite don't have to have a vesting schedule, every don't require a trust fund arrangement, and have no limits on how long Benefits ... [Read More @ Ohio Criminal Record Search]
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