Compensation
The term “compensation” has the same meaning as when used in section 415; except that such term shall include—
(I)#
any employer contribution under a qualified cash or deferred arrangement to the extent not included in gross income under section 402(e)(3) or 402(h)(1)(B),
(II)#
any amount which the employee would have received in cash but for an election under a cafeteria plan (within the meaning of section 125), and
(III)#
any amount contributed to an annuity contract described in section 403(b) pursuant to a salary reduction agreement (within the meaning of section 3121(a)(5)(D)).