What is dcp-cas on w2 form?

DCP-CAS on a W-2 form refers to the "Deferred Compensation Plan - Cash Account System." This designation indicates that a portion of an employee's earnings has been deferred into a non-qualified retirement plan or similar arrangement. It is important for tax reporting, as these amounts are typically not subject to income tax until they are distributed. Employees should consult tax professionals to understand the implications of these amounts on their tax filings.