New APIs (Application Programming Interfaces) from the SEC will make the financial disclosure data of EDGAR® companies more readily accessible to the public, which could accelerate stakeholder and consumer scrutiny of key topics including executive pay.
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.
Has your qualified plan nondiscrimination testing resulted in refunds to any highly compensated employees (HCEs) during the past five years? This is the question posed to 282 public and private for-profit companies, during the 2020 Annual Survey conducted by Newport Retirement Services and PLANSPONSOR.
As we prepare for the final month of summer, August arrives with new deadlines. 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.
On July 9, 2021, the Pension Benefit Guaranty Corporation (PBGC) issued an Interim Final Rule implementing the American Rescue Plan Act of 2021 (ARPA) provisions for special financial assistance (SFA) to failing multiemployer plans.
Fulcrum Partners is pleased to share the following report, prepared by the Employee Benefits group at Isler Dare PC: Checklist of July Plan Deadlines for Retirement, Medical, and Other Plans.
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.
Last month, the U.S. Department of Labor (DOL) issued a press release aimed at defined benefit plan sponsors, plan fiduciaries, record keepers, and plan participants. For the first time, the DOL’s Employee Benefits Security Administration issued cybersecurity guidance.
Critical insights on executive pay for women.
Organizations linking executive compensation with ESG goals (environmental, social and governance) are gaining shareholder support for their actions.