Author Topic: CAP plans  (Read 270 times)

Quest4Fire

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CAP plans
« on: September 25, 2017, 01:10:39 PM »
We are still employed . My husband's employer offers something called a C AP plan. We are looking for feedback and any opinions regarding CAP plans.

MDM

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Re: CAP plans
« Reply #1 on: September 25, 2017, 08:25:25 PM »
We are still employed . My husband's employer offers something called a C AP plan. We are looking for feedback and any opinions regarding CAP plans.
Have you read the Summary Plan Description, and could you summarize for the audience what it is?

Quest4Fire

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Re: CAP plans
« Reply #2 on: September 25, 2017, 10:17:30 PM »
The summary plan description of the CAP plan is

Capitol accumulation plan is a non qualified deferred compensation plan. Designed to enable you to defer portions of your compensation into the future  on a pretax basis. Allows you to accumulate earnings on your deferrals on a tax deferred basis. I.e. Not subject to income tax until distributed to you. It is subject to social security and Medicare taxes at the the time you defer them. Not a 401A

MDM

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Re: CAP plans
« Reply #3 on: September 25, 2017, 11:23:31 PM »