Infosys Cybersecurity Issue Hits Ascensus, Newport Nonqualified Platforms
Ascensus and its Newport Group-run nonqualified retirement systems have not been able to update participant accounts since November 2.
Tag: nonqualified deferred compensation plans
Shuttered Nevada Benefits Trustee Dealt ERISA Lawsuit
The plaintiff alleged two counts of fiduciary breach for mismanagement of a nonqualified deferred compensation plan in Texas federal court....
Principal Integrates Businesses With Renewed Focus on Retirement
Owais Rana was promoted to head of investment solutions for Principal Asset Management, which is merging previously separate businesses.
A Reminder of What IRS Examiners Will Look for Regarding NQDC Plans
An updated audit technique guide discusses the doctrines of constructive receipt and economic benefit, as well as IRC Section 409A,...
Stimulus Bill Includes Executive Compensation Changes That Might Affect NQDC Plans
The legislation changes the Internal Revenue Code so that more top earners’ compensation won’t be deductible.
Ways NQDC Plan Participants Use Their Accounts
Section 409A nonqualified plans allow for various payment dates so participants can save for children’s college expenses and other financial...
Differences Between NQDC Plans Subject to IRC 409A and 457
The nonqualified plans offered to top executives at for-profit companies are subject to different rules than those offered to executives...
COVID-19 Has Low Impact on Nonqualified Plan Design and Administration
A majority of plan sponsors reported no need to review their plans in response to the pandemic, and very few...
Opinions |
COVID-19 Compliance Corner: Impact on Nonqualified Deferred Compensation Plans
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Making Adjustments to Nonqualified Plans Not So Easy During Financial Crises
IRC Section 409A governs plan sponsor and participant decisions for nonqualified plans, and the COVID-19 pandemic will make plan design...
IRS Proposes Regulations on Compensation Deductions and NQDC Plan Effects
The regulations explain how grandfathered amounts are treated when a distribution is made from a nonqualified deferred compensation (NQDC) plan.
NQDC Plan Sponsors Focusing on Retirement Savings for the Highly Paid
PSCA notes that the percent of organizations stating that their primary goal for offering a NQDC plan is “to help...
Because Nonqualified Plan Is an ERISA Plan, State-Law Claims Are Preempted
The 6th U.S. Circuit Court of Appeals found Safelite’s NQDC plan to be covered under ERISA, so a participant’s claims...
The Tax Cuts and Jobs Act and NQDC
Changes to the treatment of executive compensation and NQDC plans may look unfavorable, but sources say they remain a valuable...
Products |
Wolters Kluwer Releases Guide About Tax Reform Effects
A white paper unpacks aspects of the new law that will affect a wide range of retirement, benefits and payroll...