Deferred benefits and payments refer to financial arrangements where the receipt of money, benefits, or income is delayed into a future time period, often as part of retirement or other long-term financial planning strategies.
A deferred contribution plan is an arrangement where unused deductions or credit carryovers to a profit-sharing plan can be added to an employer's future contributions on a tax-deductible basis. This occurs when the employer's contribution to the profit-sharing plan is below the annual 15% of employee compensation allowed by the Federal Tax Code.
