Plans providing certain deferred benefits

For purposes of this section, any plan providing for deferred benefits (other than compensation) for employees, their spouses, or their dependents shall be treated as a plan deferring the receipt of compensation. In the case of such a plan, for purposes of this section, the determination of when an amount is includible in gross income shall be made without regard to any provisions of this chapter excluding such benefits from gross income.

Subparagraph (A) shall not apply to any benefit provided through a welfare benefit fund (as defined in section 419(e)).