Nonqualified plans are deferred compensation programs that do qualify for the special tax treatments under the Employee Retirement Income Security Act (ERISA). On the other hand, they are not subject to the same contribution limits, nondiscrimination tests, etc. These programs can be employer and/or employee funded, and since 2004, have been largely regulated by Internal Revenue Code section 409A.
May 10, 2013
Opinion Issued About NQDC Lump Sum and State Tax
Opinion Issued About NQDC Lump Sum and State Tax
May 10, 2013 (PLANSPONSOR.com) – The New York State Department of Taxation and Finance decided a lump-sum payment from the non-qualified retirement plans of a bankrupt plan sponsor was not subject to state income tax.
Kevin McGuinness
editors@plansponsor.com
March 20, 2013
Executive Tripped by 409A and Backdating Scandal
Executive Tripped by 409A and Backdating Scandal
March 20, 2013 (PLANSPONSOR.com) – An executive who exercised stock options following the effective date of 409A regulations may not get the refund of taxes he requested.
Rebecca Moore
editors@plansponsor.com
The U.S. Court of Federal Claims c
June 20, 2012
Key Deadline Approaching Under 409A
Key Deadline Approaching Under 409A
June 20, 2012 (PLANSPONSOR.com) - The deadline for amending affected deferred compensation arrangements to comply with the Code Section 409A documentation requirements that apply for payments contingent on execution of a release of claims is approaching.
Rebecca Moore
Feb 08, 2012
Majority of Firms Report Offering NQDC Plans
Majority of Firms Report Offering NQDC Plans
February
8, 2012 (PLANSPONSOR.com) – Eighty-three percent of firms report they offer a
non-qualified deferred compensation (NQDC) plan.
Tara Cantore
editors@plansponsor.com
According
to The Newport Group’s “Executive Benefits: A Survey of Curren