NMU's Compliance Database - Northern Michigan University

Any amount of compensation deferred under an eligible deferred compensation plan, and any income attributable to the amounts so deferred, shall be includible in gross income only for the taxable year in which such compensation or other income is (1) paid to the participant or other beneficiary, in the case of a plan of an eligible employer described in subsection (e)(1)(A), and (2) is paid or otherwise made available to the participant or other beneficiary, in the case of a plan of an eligible employer described in subsection (e)(1)(B).

Reporting due by the Administrator by the last day of 7th month after end of plan year. An automatic extension of up to 2½ months may be obtained by filing Form 5558 with the IRS before the return/reports regular due date. NMU is not required to report, as we are not subject to ERISA requirements.