how do i report distributions from a 409a plan 
distributions from a 409a plan are income that you previously earned but did not receive until you took the distribution this means that they will be reported by your employer on a w 2 form which you should receive even if you are no longer an employee at that company it may also be reported on form 1099 misc the bottom linea 409a plan is a type of non qualified deferred compensation nqdc plan that allows high earners to save more for retirement because the compensation that goes into these accounts has been earned by the employee but not yet received by them it is not yet taxable nqcd plans come with some risks they are not protected from employer bankruptcy the way other retirement plans are and they cannot be rolled over into an ira but these plans can still benefit high earning employees by allowing them to save more than they would otherwise be able to save in a retirement account like a 401 k 