COVID-19 and the Unforeseen Financial Emergency Under IRC 409A

Fulcrum Partners Deferred Compensation News

Internal Revenue Code Section §409A (IRC 409A) regulations govern the design and administration of nonqualified executive benefit plans. Nonqualified executive benefit plans have very specific rules on the form and timing of participant distributions and, generally, offer little flexibility on changing the form or timing of the distributions following the submission of the election form. One of the exceptions in the 409A regulations for altering previously submitted distribution elections is addressed under the unforeseeable emergency provisions.

Impact of covid 19 on retirement

Impact of the COVID-19 Pandemic on Your Medical and Retirement Plans

Fulcrum Partners Deferred Compensation News

IslerDare is a legal firm dedicated exclusively to the representation of management in all aspects of labor, employment and employee benefits law. We frequently share their insights here on the Deferred Compensation Blog, and are pleased to provide you this link to their timely newsletter, “The Impact of the COVID-19 Pandemic on Your Medical and Retirement Plans,” and the excerpt featured below, which specifically addresses current IRS positions on issues that could result from the COVID-19 Pandemic. 

Compliance Calendar for Retirement Plans

March Compliance Calendar for Retirement Plans and Other Benefit Plans

Fulcrum Partners Deferred Compensation News

Here is a checklist of 2020 compliance deadlines, covering retirement plans along with other health and welfare benefit plans. Thank you IslerDare PC for providing this information. Here are key March Deadlines for 2020: Date Action By March 1: File DOL1 Form M-1 for MEWA2s By March 2: Provide 2019 ACA3 information reporting returns (Forms 1095-B and 1095-C) to individuals By March 15: …

Discussing business charts

Updates Related to Key Performance Metrics and Executive Compensation

Fulcrum Partners Deferred Compensation News

The following is an update in which Attorney Mike Melbinger, Partner, Winston & Strawn, does the heavy lifting in reviewing ongoing interpretive releases issued by the Securities and Exchange Commission (SEC) on the topic of Key Performance Metrics in Management’s Discussion and Analysis, the Financial Condition and Results of Operations (the “MD&A”).

Check-Lock And Key On The Brown Wooden Table

Legacy and Retirement Planning After the SECURE Act

Fulcrum Partners Deferred Compensation News

Fulcrum Partners is pleased to share these in-depth insights about the SECURE Act (Setting Every Community Up for Retirement), published January 23, 2020 by the AALU WR Newswire. The WRMarketplace is created exclusively for AALU members by experts at Baker Hostetler LLP and the AALU staff, led by Jonathan M. Forster, Partner, Rebecca S. Manicone, Partner, and Carmela T. Montesano, Partner. WR Marketplace #20-02 was written by Michael P. Vito, Counsel, and John F. DeStefano, Associate, Baker & Hostetler LLP. #secureact #plansponsor #retirement #retirementplan

January Compliance Calendar for Retirement Plans

January Compliance Calendar for Retirement Plans and Other Benefit Plans

Fulcrum Partners Deferred Compensation News

Thanks again to IslerDare PC for sharing with us this timely checklist of 2020 compliance deadlines for retirement plans as well as health and welfare benefit plans. Here are key January Deadlines for 2020:   Deadlines   Date Action (passed) January 15 Post Schedule MB attachment from the 2018 Form 5500 (defined benefit pension plan actuarial information) on company intranet, …