Making Adjustments to Nonqualified Plans Not So Easy During Financial Crises
IRC Section 409A governs plan sponsor and participant decisions for nonqualified plans, and the COVID-19 pandemic will make plan design...
Tag: nonqualified deferred compensation plans
IRS Proposes Regulations on Compensation Deductions and NQDC Plan Effects
The regulations explain how grandfathered amounts are treated when a distribution is made from a nonqualified deferred compensation (NQDC) plan.
Court Finds Abuse of Discretion in Eligibility Process for Non-Profit’s SERP
Required Board approval before an employee could be eligible to participate in the SERP was not included in the original...
Nonqualified Deferred Compensation Plans and Section 409A
NQDC plan sponsors must understand Section 409A rules to avoid unintended tax consequences and, possibly, participant lawsuits.
NQDC Plan Sponsors Focusing on Retirement Savings for the Highly Paid
PSCA notes that the percent of organizations stating that their primary goal for offering a NQDC plan is “to help...
Because Nonqualified Plan Is an ERISA Plan, State-Law Claims Are Preempted
The 6th U.S. Circuit Court of Appeals found Safelite’s NQDC plan to be covered under ERISA, so a participant’s claims...
NQDC Plan Recordkeeping Market Now a Blend of Expertise and Administration
The market has become more blended, with the emergence of “hybrid” organizations capable of delivering on both deep NQDC-specific expertise...
The Tax Cuts and Jobs Act and NQDC
Changes to the treatment of executive compensation and NQDC plans may look unfavorable, but sources say they remain a valuable...
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Wolters Kluwer Releases Guide About Tax Reform Effects
A white paper unpacks aspects of the new law that will affect a wide range of retirement, benefits and payroll...
Few NQDC Plan Sponsors to Make Plan Changes
Among the few that are, the majority cited additions or enhancements to plan education and communication programs, investment crediting options...
Lawmakers Rethink Changes to Deferred Compensation
Following the earliest stages of debate, both the House and the Senate seem to have backed away from major changes...
Tax Reform Bill Would Be Unfavorable to NQDC Plans
In addition, tax-exempt employers would be subject to additional taxation rules.