plan participant eligibility

NQDC Plans and Plan Participant Eligibility

Fulcrum Partners Deferred Compensation News, Fulcrum Partners News

One of the first questions organizations explore when they implement or update a nonqualified deferred compensation plan (NQDC) is who is eligible to participate in the plan. Data from the Newport/PLANSPONSOR Executive Benefits Survey, 2020 edition, shows that of the 282 corporate respondents to the Survey, the greatest percentage of companies set their threshold for NQDC Plan participation at $150,000 …

NQDC report

Further Insights on the NQDC Guide

Fulcrum Partners Deferred Compensation News, Fulcrum Partners News

Following up on our July blog post, “Updates on the Nonqualified Deferred Compensation Audit Technique Guide,” we are pleased to share with you these further insights from Attorneys Greg Daugherty, Dave Tumen and Rich Helmreich of PorterWright. They raise the interesting question of whether the recent update of the NQDC Guide foreshadows the coming of other critical changes in executive compensation enforcement.

Unfunded NQDC Plans

Understanding Funded vs. Unfunded NQDC Plans

Fulcrum Partners Deferred Compensation News, Fulcrum Partners News

The recent IRS publication, Nonqualified Deferred Compensation Audit Technique Guide was created to help IRS examiners during audits. As a result, it also becomes a helpful resource for organizations seeking to ensure their compliance with 409A and other tax code regulations that may impact deferred compensation. The following excerpt from the document provides information on distinctions and requisites of funded vs. unfunded NQDC plans.

nonqualified deferred compensation

Updates on the Nonqualified Deferred Compensation Audit Technique Guide

Fulcrum Partners Deferred Compensation News

On June 1, 2021, the IRS officially completed its revisions to its Nonqualified Deferred Compensation Audit Technique Guide. The updated guide is a useful reminder of how very important it is for companies to maintain careful documentation and recordkeeping and of the importance of strong compliance safeguards and attention to public company disclosure with the Securities and Exchange Commission.

employee financial stress

Employee Financial Stress Takes a Toll on the Workplace

Fulcrum Partners Human Resources, Fulcrum Partners News

Employee financial stress isn’t something that workers can compartmentalize or think about only in their non-working hours. In fact, fifty percent of American employees surveyed say they spend three or more hours of their time at work each week dealing with personal financial issues with twenty percent of that group spending as much as five hours weekly.