Exchange Currency

rabbi trust

A specific trust set up by employers for employees who are under non-qualified deferred compensation plans. The funds are highly regulated, and usually involve a degree of risk of forfeiture if certain guidelines are not followed. Once the money is placed in the fund, the employer is no longer able to access the money, and it is saved for the employee as long as all the guidelines are followed. It gets its name because the first of these trusts was developed for a rabbi.

Related information about rabbi trust:
  1. Rabbi trust - Wikipedia, the free encyclopedia
    In the United States a Rabbi trust is a type of trust used by businesses or other entities to defer the taxability to the person or entity receiving (the payee) such ...
     
  2. Rabbi Trust Definition | Investopedia
    A trust created for the purpose of supporting the non-qualified benefit obligations of employers to their employees. These trusts are sometimes referred to as ...
     
  3. Deferral.com Rabbi Trust
    A rabbi trust is a trust established by an employer to provide a source of funds which may be used to satisfy the employer's obligation to executives under a ...
     
  4. Implementing and Exiting Rabbi Trusts
    In a typical rabbi trust, a type of nonqualified unfunded deferred compensation plan, an employer implements a trust in order to pay future compensation to ...
     
  5. Rabbi Trusts
    Jul 1, 2012 ... To qualify as a rabbi trust, the trust must benefit a select group of employees, limited by both number and rank. The plan must define the events ...
     
  6. Rabbi Trust FAQs - Reform Pension Board | rpb.org
    A Rabbi Trust is a non-qualified deferred compensation arrangement in which funds are invested in an irrevocable trust to be held for the benefit of employees ...
     
  7. A Primer on Rabbi Trusts - Financeware.com
    Sep 14, 2005 ... The rabbi trust had its origin in a determination by the IRS that an irrevocable trust established for a rabbi by the rabbi's congregation was not ...
     
  8. Rabbi Trusts - Internal Revenue Service
    grantor trust when a parent corporation contributes its stock to a rabbi trust ... executive compensation arrangements that are popularly referred to as rabbi trust ...