excess employee compensation
Defined in 2 places across 2 titles of the United States Code.
The term “excess employee compensation” means, with respect to any employee for any plan year, the excess (if any) of—
(I) the aggregate amount includible in income under chapter 1 of title 26 for remuneration during the calendar year in which such plan year begins for services performed by the employee for the plan sponsor (whether or not performed during such calendar year), over
(II) $1,000,000.
Source
- 2010–present29 U.S.C. § 1083Labor · Minimum funding standards for single-employer defined benefit pension plans · for purposes of this section
The term “excess employee compensation” means, with respect to any employee for any plan year, the excess (if any) of—
(I) the aggregate amount includible in income under this chapter for remuneration during the calendar year in which such plan year begins for services performed by the employee for the plan sponsor (whether or not performed during such calendar year), over
(II) $1,000,000.
Source
- 2010–present26 U.S.C. § 430Internal Revenue Code · Minimum funding standards for single-employer defined benefit pension plans · for purposes of this section