Nonqualified Deferred Compensation Plan Participants

What Does Participant Really Mean when it comes to Nonqualified Deferred Compensation Plan?

Fulcrum Partners Executive Benefits News

From the Employee Benefits Law Report, an article by Greg Daugherty of Porter Wright Morris & Arthur LLP, looks at the scope and definition of who is a “participant” in a nonqualified deferred compensation plan. Daugherty points out that although companies have frequently considered the word participant to only include participants who are current employees, the courts may not always look at …

NQDC Plans and Employer Liability in Cases of Adverse Tax Consequence

Fulcrum Partners Executive Benefits News

McCarter & English, LLP, has authored an insightful look at employer responsibility in administering Nonqualified Deferred Compensation Plans (NQDC Plans), and the potential liability a company has when Plan participants face adverse tax consequences because of the company’s actions (or failure to take action). We’ve included below the full text of their article that discusses rulings by a federal district court in the case of Davidson …