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Deferred Compensation Plan: Employee Benefits
- Additional deferral opportunities not subject to qualified plan limits and penalties
- Can provide pre-retirement survivor benefits
- Supplements retirement income not available through 401(k) or profit-sharing plans
- Based on commencement date established in the agreement, employer can begin distribution of the deferred compensation
- May provide access to funds in the event of financial hardship
Related Terms:
Deferred Compensation Plan,
Deferred Compensation Plan: Employer Benefits