This is a list of notable companies based in the United States. For further information on the types of business entities in this country and their abbreviations, see Business entities in the United States. Largest firms. This list shows firms in the Fortune Global 500, which ranks firms by total revenues reported before 31 March 2017.
More details on the retirement plan limits are available from the IRS. 457 Plans. The normal contribution limit for elective deferrals to a 457 deferred compensation plan remains unchanged at $18,000 in 2017. Employees age 50 or older may contribute up to an additional $6,000, for a total of $24,000.
What is 'Deferred Compensation' Deferred compensation is a portion of an employee's compensation that is set aside to be paid at a later date. In most cases, taxes on this income are deferred until it is paid out. Forms of deferred compensation include retirement plans, pension plans and stock-option plans. BREAKING DOWN 'Deferred Compensation' An employee may opt for deferred compensation because it offers potential tax benefits. In most cases, income tax is deferred until the compensation is paid out, usually when the employee retires. If the employee expects to be in a lower tax bracket after retiring than