An employer cannot use the Employee Retirement Income Security Act’s provisions to terminate benefit payments under a deferred compensation agreement. The U.S. District Court for the Eastern District ...
A properly constructed unfunded 1 nonqualified deferred compensation agreement can postpone payment of compensation for currently rendered services until a future date, with the intended objective of ...
Insiders said the hedge fund firm introduced a new deferred-compensation policy in July ahead of a deadline for investment staff to sign noncompetes.
Under pre-409A income tax law, tax deferment is not achieved if, prior to the actual receipt of payments, the employee is in constructive receipt of the income under the agreement. Income is ...
Benjamin Harvey CFP®, CPWA®, ChFC®, CLU® Founder and Private Wealth Advisor, Summation Wealth Group To continue reading this content, please enable JavaScript in ...
Current SRPS defined benefit and deferred compensation plan clients also will migrate to the enhanced SRPS offering starting in 2024. In addition, professionals from Conduent and Newport will be ...
Few compliance violations impose tax penalties as severe as those that apply under Section 409A of the Internal Revenue Code to people covered under nonqualified deferred compensation agreements. Few ...
Planning for retirement can feel overwhelming, but fortunately, there are several savings tools available to help take the sting out of the process. By utilizing these tools, you can create a ...