The IRS defines requisites of recordkeeping for Plan Sponsors

IRS Releases the Nonqualified Deferred Compensation Audit Techniques Guide

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IRS Releases the Nonqualified Deferred Compensation Audit Techniques Guide

IRS Releases the Nonqualified Deferred Compensation Audit Techniques Guide

IRS Releases the Nonqualified Deferred Compensation Audit Techniques Guide

PONTE VEDRA BEACH, FL — (July 28, 2015)

The Internal Revenue Service issued its Nonqualified Deferred Compensation Audit Techniques Guide in June of this year. According to this guide, the IRS examinations of nonqualified deferred compensation plans will primarily focus on:

(1.) the timing when deferred amounts are includible in the employer’s gross income; and

(2.) when those amounts are deductible by the employer.

The IRS will also examine if deferred amounts were properly taken into account for employment tax purposes.

Many of Fulcrum Partners’ clients have requested a full copy of this Audit Techniques Guide. We thought it helpful if a copy were distributed to all clients, prospective clients, and friends of Fulcrum Partners. A pdf copy of the Audit Techniques Guide can be obtained by clicking here.

Fulcrum Partners offers unparalleled expertise in assisting nonqualified plan sponsors with the operational compliance issues that are the subject of these proposed IRS audits. You may find detailed information here on Fulcrum Team members and office locations.

About Fulcrum Partners LLC:

Fulcrum Partners LLC is one of the nation’s leading and largest executive benefits consultancy. It’s consultants focus on an integrated approach to the design, financing and plan administration of executive benefit programs. Fulcrum Partners offers its clients a unique combination of industry experts with diverse skill sets, targeted experience, and in-depth expertise in executive compensation and benefits consulting. Fulcrum Partners is a wholly independent, member-owned firm dedicated to help clients enhance their Total Rewards Strategy.


Fulcrum Partners does not provide legal, tax, and/or accounting consulting and/or advice. We have provided you with this material strictly in its capacity as an employee benefits consulting firm. The information contained herein is based on our interpretation of the existing Internal Revenue Code, and the application of relevant statutes, regulations, court rulings, and familiarity with this material as it currently exists. Based on the legal and accounting complexity of employee benefit issues, along with the changing statutory and regulatory environment, we strongly recommend that you consult with, and seek the advice of, your legal and/or accounting advisor(s) regarding this material.

This update contains proprietary information of Fulcrum Partners and possession of this information is not deemed a waiver of our rights. In addition, this material has been created for your exclusive use, and distribution of this information to a non-affiliated party is strictly prohibited.

Securities offered through Registered Representatives of Valmark Securities, Inc. Member FINRA, SIPC, 130 Springside Drive, Suite 300, Akron, OH 44333-2431, Tel: 1-800-765-5201. Investment Advisory Services offered through Valmark Advisers, Inc., which is an SEC Registered Investment Advisor. Fulcrum Partners LLC is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc.


Bruce Brownell


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