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torren
Returning Member

Contributions to Non-Qualified Deferred Compensation Plan W2

Do contributions to non-qualified deferred compensation plan show up in the W2?

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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Contributions to Non-Qualified Deferred Compensation Plan W2

Because Social Security and Medicare taxes are due when the this deferred compensation is no longer subject to forfeit, the contributions should appear in box 3 (subject to the Social Security wage limit) and box 5 of the W-2 at that time.  If prior year contributions are vesting, they and their attributable earnings also need to appear in box 11.  See examples 1 through 3 in the Nonqualified Deferred Compensation Reporting Examples Chart in the instructions for Form W-2:  https://www.irs.gov/pub/irs-pdf/iw2w3.pdf

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Contributions to Non-Qualified Deferred Compensation Plan W2

 
torren
Returning Member

Contributions to Non-Qualified Deferred Compensation Plan W2

@dmertz  did you mean to reply to the question?

Contributions to Non-Qualified Deferred Compensation Plan W2

Yes. Please wait for a response. Thank you.

dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Contributions to Non-Qualified Deferred Compensation Plan W2

Because Social Security and Medicare taxes are due when the this deferred compensation is no longer subject to forfeit, the contributions should appear in box 3 (subject to the Social Security wage limit) and box 5 of the W-2 at that time.  If prior year contributions are vesting, they and their attributable earnings also need to appear in box 11.  See examples 1 through 3 in the Nonqualified Deferred Compensation Reporting Examples Chart in the instructions for Form W-2:  https://www.irs.gov/pub/irs-pdf/iw2w3.pdf

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