Def. of comp/deferred comp qt.

[Guest mab]

Hi,

I have a new situation to me. I have someone receiving deferred comp payments while still employed, albeit in a reduced capacity. However, the employee is still eligible to participate in the plan because the benefit accrual requirements are minimal.

Since the plan uses the broadest definition of comp (reported under 6041, 6051, and 6052) using 3401(a) it appears to me that this deferred comp is included as compensation for qualified retirement plan purposes.

Can anyone comment as to whether that is correct or not? Tx. for any insight.

Happy holidays.