Nondeductibility of Employer Contributions
The Nondeductibility of Employer Contributions are.
payment by an employer to a nonqualified (retirement) plan. Such payment is not deductible as a business expense for federal tax purposes. However, the employer may prefer that type of arrangement because of its greater freedom and flexibility as contrasted with the strict requirements of qualified plans.
See also other Tax Terms and Definitions in U.S.A.
nonqualified deferred-compensation plan.
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