Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Compliance October 5, 2007
Been Struggling with Those 409A Regs?
October 5, 2007 (PLANSPONSOR.com) - If you've been
struggling with § 409A regs - or regs generally (and who
hasn't?), then you'll appreciate this update on (fictional)
Notice 2007-90.
Reported by Nevin E. Adams
It starts:
“This notice provides additional guidance on the application of a service recipient’s death under § 409A of the Internal Revenue Code to nonqualified deferred compensation plans. This guidance includes:
- a more precise definition of death (also known as “separation from life”),
- presumptions the Service will apply in determining if a service recipient has experienced a separation from life under § 409A, and
- examples detailing situations that the help illustrate the Treasury’s position on separation from life.”
The rest you will want to read for yourself….
MORE at http://www.plansponsor.com/uploadfiles/notice2007-90.pdf
« InFRE Research Makes Case for New Retirement Education Approach