JAA

Deferred compensation is deducted from gross compensation before 401(k) deferral is calculated. https://www.lockton.com/Resource_/PageResource/MKT/Interaction of NQDC with qualified plan.pdf

We have seen many circumstances where an employer has an existing rabbi trust and now has a 2nd or 3rd deferred compensation plan that they want to add an account for under the existing rabbi trust. Is this an acceptable amendment? Would consent of the existing beneficiaries be required?