A news release said the material covers all publicly released guidance with the goal of helping clients meet compliance regulations by the December 31, 2006 deadline.
According to Louis Richey, Senior Vice President at McCamish Systems, the current 409A output includes voluntary defined contribution salary, performance-based compensation and “Subsequent Election Laddered” plans.
Richey indicated that McCamish foresees another major 409A documentation release later this autumn once final 409A regulations are issued (See 409A Rules Not Expected Until Fall ). This scheduled second release embeds the final 409A regulations into the Deferral+ Plan Design Template, and further expands the number of non-qualified plan type offerings that can be documented, and then electronically transmitted and administered through McCamish Systems, according to the announcement.
The Atlanta-based McCamish Systems provides non-qualified benefit plan administration services to the financial services and retirement services industries. More information on the company is at www.McCamish.com .