Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company
(Telecommute)
ESOP Valuation Writer
Unique ESOP Valuation Provider
(Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

<< Previous news item   |   Next news item >>



Fifth Circuit Finds Executive Compensation Plan Was Governed by ERISA
planadviser Link to more items from this source
Aug. 12, 2014
"The court agreed that the express purpose of the plan was not to provide retirement income, but found ... the statement of purpose refers to the [Wealth Accumulation Plan (WAP)] as a 'deferred compensation plan' and explains that, by design, employees have the option 'to defer receipt of a portion of their compensation to be earned with respect to the upcoming Plan Year.' ... The court also found the express terms of the WAP contemplate employees deferring income 'to the termination of covered employment or beyond.'" [Tolbert v. RBC Capital Markets Corp., No. 13-20213 (5th Cir. July 14, 2014)]

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020 BenefitsLink.com, Inc.