For Rabbi Trust we have terms and definitions in 2 topics. The topics are Accounting and Employee Benefits.

Rabbi Trust (Accounting)

is a nonqualified deferred compensation plan whereby an employer and employee agree to defer payment for the employee's services until a specified future date. The rabbi trust features an irrevocable grantor trust that is set up by the employer to hold the contributions set aside for the employee. While this provides the employee some degree of safety that the money will be available when desiredthe terms of the trust must be such that exposes the trust assets to the claims of the employer's creditors.

Rabbi Trust (Employee Benefits)

A nonqualified deferred compensation arrangement under which amounts are transferred to a trust, typically irrevocable, to be held for the benefit of one or more employees. The trust assets must be reachable by the employer’s creditors, earnings in the trust are taxed to the employer.

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