Deferred Compensation News and Updates

Deferred Compensation News brings you the latest information and insights on 409A nonqualified deferred compensation; institutional COLI, BOLI, and ICOLI; tax-and cost-efficient non-COLI funding strategies; low-cost tax managed non-COLI asset/liability designs; executive benefits benchmarking; succession planning and timely issues of executive pay and benefits. 
Featured image for “Could the Boom Take You into a Career in Executive Benefits Consulting”
June 10, 2014

Could the Boom Take You into a Career in Executive Benefits Consulting

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From The Exchange for People Strategy, May 2014 issue, a Human Resources (HR) eMagazine, comes the following article by Bruce Brownell of Fulcrum Partners LLC. You’ll find new articles every month from the executive benefits consultants at Fulcrum Partners featured in The Exchange. The Exchange is a recently launched publication that strives to ask (and answer) today’s most challenging Human Resources questions. You can become a subscriber (no subscription fee) to The Exchange for People Strategy by emailing steve.broadbent@fulcrumpartnersllc.com. Learn more about careers in executive benefits consulting by following us on LinkedIn. www.linkedin.com/in/fulcrumpartnersllcnews/ Could the Boom Take You into a Career in Executive Benefits Consulting? “The Executive Benefits industry will need energetic, multi-disciplinary talent to help accelerate the evolution of executive Total Rewards. As Pay for Performance dominates the compensation culture, Executive Benefits experts will need to help Plan sponsors understand how to leverage critical pay elements such as retirement into their Performance Strategy.” Could the Boom Take You into a Career in Executive Benefits Consulting by Fulcrum Partners LLC
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May 06, 2014

Series of Limited Scope 409A Audits Underway, from Groom Law Group

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Series of Limited Scope 409A Audits Underway Released May 6, 2014, by Groom Law Group is the following update on 409A audits being launched by the IRS. “The IRS has launched an audit initiative aimed at compliance with the rules for nonqualified deferred compensation plans under Code section 409A. A series of audits of a “limited scope” are underway. The IRS will assess what further steps, if any, to take after the results of these audits are in. While IRS agents have sometimes raised section 409A issues on audits, this appears to be the first systematic IRS initiative to review compliance with the complex regulatory scheme under Code section 409A. We outline below some actions that employers may consider to prepare for a potential audit on section 409A issues.” You can read the full article, including advice regarding actions that employers may consider when preparing for a potential audit on section 409A issues. From Groom Law Group by following this link: Series of Limited Scope 409A Audits Underway.
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December 12, 2013

Do You Have a Retirement Plan or a Retirement Strategy?

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Do your company’s retirement plans really work? Consider whether you have a retirement plan or a true retirement strategy. While it is accurate that 92% of the Fortune 1000 companies offer a 409A Nonqualified Deferred Compensation Plan (NQDC) to Key Executives, plans can vary greatly. 409A Nonqualified Deferred Compensation Retirement Plan 409A Nonqualified Deferred Compensation can be the most versatile pay element of Total Rewards. But as you will learn in this informational video, for many, NQDC is the forgotten pay element. The message of this video is simple, but it is one you may not have considered. And it’s five minutes that can change the way you think about retirement tools and retirement planning.  The right strategy can maximize utility for both the plan sponsor and the participant. 
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November 05, 2013

Do Your Company’s Retirement Plans Really Work?

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Fulcrum Partners LLC, executive benefits consultancy, releases new video created to focus on the questions of retirement plans in a whole new way. Developed with the assistance of the creative team at YDraw, this video asks the thought-provoking question, “Do your company’s retirement plans really work?”
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October 28, 2013

Rabbi Trusts – An Important Adjunct to Deferred Compensation Plans

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Washington Report (October 25, 2013) Ponte Vedra Beach, Florida – Executive benefits consulting firm, Fulcrum Partners LLC, is proud to share this AALU WR Marketplace Report on:  Rabbi Trusts – An Important Adjunct to Deferred Compensation Plans In our continuing efforts to educate our clients on the regulatory and tax issues impacting deferred compensation plans, we are sending you this AALU report on Rabbi Trusts.  The AALU WRMarketplace Report, prepared by the AALU staff and Greenberg Traurig, one of the nation’s leading law firms in tax and wealth management, provides both background and  current views on these important issues. MARKET TREND:  Recent increased interest in deferring compensation makes it important for advisors to understand how rabbi trusts might be used to assist clients in establishing and maintaining deferred compensation plans. In addition, corporate owned life insurance (“COLI”) has gained popularity in this low-interest and increasing income tax environment.  Life insurance, whose cash value grows on a tax-deferred basis, can often provide fixed rates of return that exceed yields available elsewhere.  The holding of life insurance by a rabbi trust may provide additional benefits. SYNOPSIS:  Rabbi trusts can provide executives with some security for the future payment of their deferred compensation
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October 14, 2013

Executive Benefits Consultants, Fulcrum Partners LLC, Shares AALU WRMarketplace Report

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Washington Report (October 10, 2013) Ponte Vedra Beach, Florida – Executive Benefits Consultants, Fulcrum Partners LLC, is proud to share this AALU WRMarketplace Report on: “Constructive Receipt and Economic Benefit Principles in Deferred Compensation Planning Arrangements” In our continuing efforts to educate our clients on the regulatory and tax issues impacting deferred compensation plans, we are sending you this AALU report on two important issues to consider when designing a deferred compensation plan. The AALU WRMarketplace Report, prepared by the AALU staff and Greenberg Traurig, one of the nation’s leading law firms in tax and wealth management, provides both background and current views on these important issues. MARKET TREND: With high-earning executives increasingly focused on income tax planning, deferring compensation often will be a primary objective. Taxpayers and advisors will need to understand fundamental principles of income taxation to effectively implement deferred compensation arrangements as a part of the overall tax plan. SYNOPSIS: Individuals pay taxes not only on amounts actually received, but also on amounts they constructively receive, as well as the value of any economic benefit conferred upon them. This report provides an overview of how these principles of taxation are applied, particularly with regard to compensation deferral. TAKE
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September 19, 2013

“Top-Hat Plan” Exemption Compliance for Deferred Compensation Arrangements

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(September 19, 2013) Ponte Vedra Beach, Florida -Executive benefits consulting firm, Fulcrum Partners LLC, together with Washington, DC-based AALU, has released a new Washington Report on: “Top-Hat Plan” Exemption Compliance for Deferred Compensation Arrangements. One of the most frequently asked client questions regarding their nonqualified executive benefit plans concerns “Top-Hat” compliance. The AALU Washington Report, prepared by the AALU staff and Greenberg Traurig, one of the nation’s leading law firms in tax and wealth management, provides both background and current views on this important issue. The full report is available below, from Scribd and is also posted on SlideShare.com. You may also download the report at: https://www.fulcrumpartnersllc.com/wp-content/uploads/2013/09/AALUWashingtonReport13-37Fulcrum.pdf “Top-Hat Plan” Exemption Compliance for Deferred Compensation Arrangements by Fulcrum Partners LLC
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May 02, 2013

Fulcrum Partners Releases Report on Deferred Income and Higher Taxes

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PONTE VEDRA BEACH, FL– (May 2, 2013) – Executive benefits consultancy Fulcrum Partners LLC announces the release of the white paper: “Advantages to Pre-Tax Deferral of Income in an Uncertain Tax Environment.” Authored by Steve Broadbent (Fulcrum Partners LLC, Atlanta, GA) and Chris Nyland (Fulcrum Partners LLC, Charleston, SC), the report takes an analytic look at the common practice of deferring compensation and what that really means financially to the individual given today’s unpredictable tax environment. Presenting actual case studies, the report shows how to consider recent and future tax rate changes and investment returns when analyzing whether to participate in your employer’s nonqualified deferred compensation plan (DCP). Steve Broadbent explains, “We continue to hear concerns from deferred compensation plan participants about the potential impact of higher taxes in the future. The objective of this analysis is to demonstrate that the pre-tax deferral of income continues to provide greater results as compared to after-tax investing if taxes continue to rise in the future.” Chris Nyland adds, “The economy is beginning to recover, albeit a limited recovery. As this happens, new optimism arises in how DCP participants feel about their employers and their individual financial plans.” The full report is available from Fulcrum
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April 23, 2013

Kristine Kopsiaftis of Fulcrum Partners Elected to SFCB Board of Directors

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Kristine Kopsiaftis of Fulcrum Partners Elected to SFCB Board of Directors Fulcrum Partners LLC released the following announcement to the media on April 23, 2013. The release appears below and is also available on Sribd at: Kristine Kopsiaftis of Fulcrum Partners Elected to SFCB Board of Directors and on SlideShare at Kristine Kopsiaftis of Fulcrum Partners Elected to SFCB Board of Directors  (Delray Beach, FL) (April 23, 2013) Kristine Kopsiaftis, Managing Director of Fulcrum Partners LLC, has been elected to the Board of Directors for the South Florida Compensation and Benefits Association. Board Members of SFCB provide relevant programs, professional development, student mentoring programs and networking opportunities for professionals engaged in compensation and benefit planning. Kopsiaftis will serve as the SFCB Co-Director of Membership for the association, which includes business professionals from Broward, Miami-Dade, and Palm Beach counties, Florida. Established in 1987, the South Florida Compensation and Benefits Association, includes leaders from area companies who are committed to fostering education and the exchange of information among compensation and benefits practitioners and policy makers. Recognized as the premier organization in South Florida in the field of total rewards, the SFCB is a member of World at Work’s Local Network (LN). As a
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April 01, 2013

Bruce Brownell of Fulcrum Partners LLC, Speaker at HR Management Institute Event

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PONTE VEDRA BEACH, FL ( Mar 21, 2013) “Enhancing HR as a Strategic and Transformative Business Partner in Times of Volatility and Change” was the topic at the recent International Performance Management Institute (IPMI) HR Management Institute event. Among those speaking to the select group was Bruce Brownell, co-founder and Managing Director of Fulcrum Partners LLC, one of the nation’s leading and largest executive benefits consultancies. Held at the Gaylord Palms Resort in Kissimmee, Florida, (February 24 – 26, 2013) the B-2-B information sessions were attended by delegates and service providers on an invitation-only basis. Bruce Brownell, who spoke on the topic, “What’s Next for Non-Qualified Deferred Compensation,” said, “In today’s fluid business environment, it is critical for Human Resources professionals to recognize that Total Rewards and executive compensation are changing forever. The challenge is to take a fresh look at taxes and wealth creation, to recognize that now is the time to review all things 409A, and to understand and be in command of the technology tools available to human resources professionals. I was honored to be part of this dynamic event.” With over 25 years in financial consulting, including the past 15 years exclusively in Executive Benefits, Bruce
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