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The Retirement Plan Company
Nicholas Pension Consultants
Abacus Retirement Solutions, LLC
Wespath Benefits and Investments
Carpenter Morse Group Inc.
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|Section 409A Can Really Hurt -- Do You Have Clients at Risk from Penalties on Deferred Comp Plans?|
Nov. 3, 2005
Excerpt: Let's begin with a word of caution: The IRS is still clarifying these rules, so it's important to stay abreast of current regulations. For now, here is the basic information you need to know: What is a nonqualified deferred compensation plan? This is any agreement including plans called NQDC plans, supplemental executive retirement plans (SERPs), 457(f) plans, and all other arrangements under which an employee (or individual contractor) earns compensation for services performed[.]
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