12/27/2004: Overview: IRS Issues Guidance on Nonqualified Deferred Compensation Plans in Notice 2005-1 (PDF) (Milliman)
2 pages. Excerpt: "In Notice 2005-1, the IRS provides initial guidance and temporary relief from a number of new requirements imposed on many existing nonqualified deferred compensation (NQDC) arrangements by the American Jobs Creation Act .... Although transitional relief is provided through 2005, plan sponsors must still operate their NQDC plans in 'good-faith compliance' with provisions of the new Internal Revenue Code section 409A and the guidance contained in the IRS notice during 2005."
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