Superintendent and other teacher contracts with 1-time irrevocable lin

[Guest STLGiant]

The premise of having a 401(a) plan for superintendents or say "valued" math/science teachers is to have them sign a contract whereby a portion of their pay is irrevocably elected into a 401(a) arrangement. The deferral is not deemed an employee CODA, but an employer contribution, ergo not subject to the 402(g) rules.

Does anyone have contractual language that they've seen that satisfies the one-time irrevocable election requirement? Should the language cite the Code exception?

Has anyone seen this work when the superintendent's contract is either renegotiated (during the current contractual terms) or is it just something that occurs at the original date of hire, or when the contract has expired and a new contract is being signed?

With the changes introduced by EGTRRA, has anyone seen any "new" plan designs worth investigating?

Replies welcomed!