What is a cash-back deferral?

[Guest jcarlos]

What is commonly meant by a "cash-back deferral" when someone is talking about a Nonqualified deferred comp plan?

[Guest Lisha]

I think this means, at the end of each year, after testing is over, participants in a 401(k) plan find out what they can defer, then they take a distribution from their NQ plan and put the max into the qualified plan.