Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Tax-Exempt Organizations Face New Tax Penalty on Excess Compensation: Due Diligence and Minimization
Trucker Huss [Guidance Overview] Feb. 23, 2018
"There are a number of ways that affected organizations can minimize the new tax penalty. For example: [1] Maximize benefits under tax-qualified retirement plans.... [2] Consider alternative methods of deferring compensation, such as a Code section 457(f) plan or a split-dollar life arrangement.... [3] [T]he proposed Code section 457(f) regulations ... now provide several methods that can be used to spread these payments out over time, which could enable the organization to avoid accruing post-termination payments in excess of $1,000,000."
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