Last year, Newport Retirement Services and PLANSPONSOR published an insightful executive benefits report based on a survey of 282 public and private for-profit companies, representing a cross section of industries. Among the topics the survey addressed was that of “class year” or “account based” plan design for the companies’ nonqualified deferred compensation plan (NQDC), of which, 98 percent of the companies participating in the survey currently offer.
Just when you needed a window for scheduling some time off, June rolls in with a shorter than usual checklist of health and retirement benefits deadlines to meet. Thank you, as always, to our friends at IslerDare PC for providing us timely reminders and permitting us to share them with readers of Deferred Compensation News.
As the federal income tax structure is being re-tooled yet again, employers are evaluating the use of nonqualified plans as a strategy for positioning the organization’s executives to save more effectively for retirement. Why employers use nonqualified deferred comp plans includes benefits both for the organization and for its executives.
Following our Deferred Compensation News post from last week, “Cybersecurity for Your Defined Benefit Plan”, IslerDare PC has provided a relevant update on recent Employee Benefits Security Administration (EBSA) security updates from the Department of Labor (DOL).
Plan Sponsor Council of America released a recent study showing NQDC plan participation continued to grow during 2020.
ARPA doubles, for publicly traded companies, the number of employees subject to the annual $1 M compensation deduction limit.
Insurance companies have diversified their overall risk/return profile to increase earnings & have added ICOLI, Insurance Company Owned Life Insurance. #Readmore
Clawback provision in corporate America may be changing. Here’s why (and how) #ReadMore
5 FAQs About NQDC Plans answered by the team at Fulcrum Partners #Readmore
Deep Dive: 162(m) grandfathering rules for account balance plans & non-account balance plans.