Nonqualified plan accounting guide

Updated Nonqualified Plan Accounting Guide

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Fulcrum Partners, a OneDigital Company, has released the 2022 nonqualified deferred compensation plan liabilities and informal funding accounting guide.

Fulcrum Partners, a OneDigital Company, has just released its 2022 Nonqualified Plan Accounting Guide. This reference material has been created to provide a high-level discussion of accounting principles for nonqualified deferred compensation plans (NQDC). The new guide provides examples that may offer insights into the important distinctions in accounting principles for nonqualified plans compared to the more widely known accounting principles that apply to qualified plans.

“Our revised Nonqualified Plan Accounting Guide,” said Managing Director Mike Powers, “Is not tailored to any specific situation. Instead, it offers generalized information and examples. In all cases, Plan Sponsors should consult their own accounting, legal, and tax advisory professionals.”

To obtain a copy of the Nonqualified Deferred Compensation Plan Liabilities and Informal Funding Accounting Guide, contact any member of the Fulcrum Partners team of executive benefits specialists.

We’ll also be happy to email a copy of the Accounting Guide directly to you.

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This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. Any tax advice contained herein is of a general nature. You should seek specific advice from your tax professional before pursuing any idea contemplated herein. Please consider the investment objectives, risks, charges, and expenses carefully before investing in Mutual Funds. The prospectus, which contains this and other information about the investment company, can be obtained directly from the Fund Company or your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.

Securities offered through Lion Street Financial, LLC (LSF) and Valmark Securities, Inc. (VSI), each a member of FINRA and SIPC. Investment advisory services offered through Lion Street Advisors, LLC (LSA) and Valmark Advisers, Inc. (VAI), each an SEC registered investment advisor. Please refer to your investment advisory agreement and the Form ADV disclosures provided to you for more information. VAI/VSI and LSF/LSA are non-affiliated entities and separate entities from OneDigital and Fulcrum Partners.

Unless otherwise noted, VAI/VSI, LSF/LSA are not affiliated, associated, authorized, endorsed by, or in any way officially connected with any other company, agency or government agency identified or referenced in this document.

Lion Street Advisors // Lion Street Financial


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