### Question
What is the definition of nonqualified deferred compensation plan?


### Answer
The definition of **nonqualified deferred compensation plan** is as follows in *26 U.S.C. § 3121*:

> any plan or other arrangement for deferral of compensation other than a plan described in subsection (a)(5)

#### Citation:
  - *26 U.S.C. § 3121*
  - Heading: **Subtitle C-Employment Taxes > CHAPTER 21-FEDERAL INSURANCE CONTRIBUTIONS ACT > Subchapter C-General Provisions**

