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. Click here to read all recent articles related to the impact of the COVID-19 Pandemic.
Featured image for “What is Bracket Creep and What Adjustments Has the IRS Made?”
December 02, 2021

What is Bracket Creep and What Adjustments Has the IRS Made?

IRS

What is bracket creep, what does the IRS do about it, and what does it mean to you?
Read More
Featured image for “IRS Contribution Limits 2022 Deep Dive: What’s Most Important to Know”
November 16, 2021

IRS Contribution Limits 2022 Deep Dive: What’s Most Important to Know

IRS

What you really need to know about the 2022 IRS contribution limits announced November 4.
Read More
Featured image for “IRS Announces 401(K) Limit Increases to $20,500”
November 05, 2021

IRS Announces 401(K) Limit Increases to $20,500

IRS

The IRS announces 401(k) limit increase in 2022 to $20,500, up from $19,500 for 2021 and 2020.
Read More
Featured image for “Proposed Form 5500 Revisions & Checklist of October Plan Deadlines”
October 01, 2021

Proposed Form 5500 Revisions & Checklist of October Plan Deadlines

IRS

Fulcrum Partners is pleased to share the following report, prepared by the Employee Benefits group at Isler Dare PC: Checklist of October Plan Deadlines for Retirement, Medical, and Other Plans.
Read More
Featured image for “Correct Retirement Plan Operational Failures and Other Issues”
August 26, 2021

Correct Retirement Plan Operational Failures and Other Issues

IRS

The IRS recently made significant changes to its comprehensive guidelines on how retirement plans can correct operational and other failures. On July 16, 2021, the Internal Revenue Service (the IRS) released Rev. Proc. 2021-30, reflecting important changes to the Employee Plans Compliance Resolution System (the EPCRS) that the IRS previously established for correcting errors in tax-qualified retirement plans.
Read More
Featured image for “Further Insights on the NQDC Guide”
July 22, 2021

Further Insights on the NQDC Guide

IRS

Following up on our July blog post, “Updates on the Nonqualified Deferred Compensation Audit Technique Guide,” we are pleased to share with you these further insights from Attorneys Greg Daugherty, Dave Tumen and Rich Helmreich of PorterWright. They raise the interesting question of whether the recent update of the NQDC Guide foreshadows the coming of other critical changes in executive compensation enforcement.
Read More
Featured image for “Understanding Funded vs. Unfunded NQDC Plans”
July 16, 2021

Understanding Funded vs. Unfunded NQDC Plans

IRS

The recent IRS publication, Nonqualified Deferred Compensation Audit Technique Guide was created to help IRS examiners during audits. As a result, it also becomes a helpful resource for organizations seeking to ensure their compliance with 409A and other tax code regulations that may impact deferred compensation. The following excerpt from the document provides information on distinctions and requisites of funded vs. unfunded NQDC plans.
Read More
Featured image for “Updates on the Nonqualified Deferred Compensation Audit Technique Guide”
July 14, 2021

Updates on the Nonqualified Deferred Compensation Audit Technique Guide

IRS

On June 1, 2021, the IRS officially completed its revisions to its Nonqualified Deferred Compensation Audit Technique Guide. The updated guide is a useful reminder of how very important it is for companies to maintain careful documentation and recordkeeping and of the importance of strong compliance safeguards and attention to public company disclosure with the Securities and Exchange Commission.
Read More
Featured image for “Tax Filing Deadline Rollback”
March 18, 2021

Tax Filing Deadline Rollback

IRS

IRS has announced that the deadline for filing and payment of federal income taxes extended until May 17, 2021.
Read More
Featured image for “IRC Section 162(m): Time to Update Executive Compensation Practices Now”
March 18, 2021

IRC Section 162(m): Time to Update Executive Compensation Practices Now

IRS

For public companies, the time to update executive compensation practices is now: Final regulations issued under IRC Section 162(m) and ARPA further expands class of covered employees.
Read More