Thank you, Mike Melbinger, for the following in-depth update on a problem no one apparently saw coming. We’ve enclosed below the full text of Mike’s article published on December 2, 2020: “Section 409A Meets 162(m) and Some Deferred Compensation Plans and Agreements May Need to be Amended by December 31,” followed by his additional postscript article published shortly thereafter.
Nonqualified deferred comp plans remain a powerful tool to help Highly Compensated Employees (HCEs) bridge the retirement savings gap.
Divorce and the nonqualified deferred compensation plan (NQDC) can be an issue that is challenging to navigate. Obviously, the plan participant who is in the thick of it is dealing with demands on time, money, and emotions. But the plan sponsor can also have a role that calls for much more than nodding their heads sympathetically and saying, “That must be very difficult for you.”
Fulcrum Partners is proud to be part of GivingTuesday 2020, a global movement of generosity. Your support of others in need could be a critical difference maker in someone’s life. We can’t all devote our lives to charitable service, but we can certainly show our support to those who do by providing the funding that makes valued organizations run. This …
The team at a Fulcrum Partners wishes you a Thanksgiving holiday filled with happiness, health, and hope.
Fulcrum Partners executive benefits advisory will participate for the second consecutive year in GivingTuesday, a global generosity movement. Since 2012, GivingTuesday has raised billions of dollars for critical causes and receives over 21 billion impressions on social media. Fulcrum Partners encourages everyone to participate by sharing their time, talents or abundance to help others less fortunate. Scheduled each year for the first Tuesday after Thanksgiving, this year, GivingTuesday falls on December 1, 2020.
Fulcrum Partners Managing Director and Partner, Scott Cahill was a featured guest on Nehemiah E-Community Podcast, hosted by Patrice Tsague, founder of Nehemiah Project International and the Nehemiah E-Community.
How the SECURE Act May Impact Retirement Distribution Elections. A PDF Report from Fulcrum Partners
As we all wait for the dust to finally settle around the 2020 Presidential election, you’ll be interested in this look at potential tax policy changes
Companies have changed and continue to change both short- and long-term incentive plan targets in response to a global pandemic and social & political unrest.