Impact of covid 19 on retirement

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

Fulcrum Partners. Human Resources

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. 

Why Today’s Organizations Offer Deferred Compensation Plans

Why Today’s Organizations Offer Deferred Compensation Plans

Fulcrum Partners. Deferred Compensation News

Based on 2018 research results1, published and released by Principal® earlier this year, employers recognize that competitive benefit offerings remain key in attracting top talent. In a job market that can be tight and highly competitive, employers are looking for ways to recruit and retain key employees. Principal’s research shows that retaining and motivating key employees, along with restoring a …

Executive Pay Tied to Corporate Sustainability for Another Major Company

Executive Pay Tied to Corporate Sustainability for Another Major Company

Fulcrum Partners Deferred Compensation News

Last week, The Clorox Company announced a new initiative that ties executive pay to the realization of environmental, social and governance (ESG) goals. In tying executive pay to sustainability goals The Clorox Company joins oil companies Royal Dutch Shell PLC and BP PLC, corporations that have already implemented similarly inspired executive pay or bonus structures. Laura Stein, Clorox executive vice …

crane arm with open claw

Compensation Clawback Attempts and Unanticipated Outcomes

Fulcrum Partners. Executive Benefits News

The following article, originally published on the Executive Compensation Blog by Attorney Michael S. Melbinger, is republished here with permission.    Compensation Clawback Attempts Lead to Unintended Consequences   Just back from another excellent CompensationStandards.com/NASPP* Annual Conference. Among the many new and interesting topics explored was an issue related to compensation clawbacks, which recently has been thrust into prominence.  The …

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Fulcrum Partners Deferred Compensation News Update

Fulcrum Partners. Fulcrum Partners News

Read more about some of the most-popular recent posts here on Deferred Compensation News and Updates: Sixth Circuit Nonqualified Deferred Compensation Plan Decision Highlights Importance of Code Section 409A Compliance and ERISA (the Employee Retirement Income Security Act of 1974) Claims Procedures Attorneys Greg Daugherty and Dave Tumen of Porter Wright, shared insights on why being subject to ERISA may be a good thing for nonqualified …

Fulcrum Partners Friday Deferred Compensation News Wrap Up

Fulcrum Partners Friday Deferred Compensation News Wrap Up

Fulcrum Partners Deferred Compensation News

In case you missed it (#ICYMI), here are a few of the most-read recent posts on Deferred Compensation News and Updates: Filing VCPs Electronically As of April 1, 2019, all Voluntary Correction Program (VCP) submissions are to be made electronically via www.pay.gov. In January 2019, Form 8950 was updated to reflect the new electronic filing procedures. #ReadMore: IRS Updates Determination Letter Program …

FAQs for Plan Sponsors Deferred Compensation

6 FAQs for Plan Sponsors #ICYMI from Fulcrum Partners

Fulcrum Partners Deferred Compensation News

6 FAQs for Plan Sponsors previously published 6.17.2019 Download as a PDF Question: Why do employers, as plan sponsors, offer deferred compensation plans? of employers offer deferred compensation plans in order to create a competitive benefits package of employers want to help plan participants save for retirement beyond the limits of qualified plans of employers believe a deferred comp plan helps …

AIG Deferred Compensation Agreements

Deferred Compensation Agreements Put to the Test …and Holding Strong

Fulcrum Partners. Executive Benefits News

Just when everyone thought there was nothing more to be said about the bailout issues of the subprime mortgage crisis (2007-2010), it’s back in the headlines. Some 23 former American International Group Inc (AIG) Financial Products (AIGFP) employees[i] have taken their old employer to court. At stake is more than $100 Million in deferred compensation the employees said was contractually …

Assessing Your Plan Administrator and Your Nonqualified Deferred Comp Plan or Rabbi Trust

Assessing Your Plan Administrator and Your Nonqualified Deferred Comp Plan or Rabbi Trust

Fulcrum Partners Deferred Compensation News

Big Changes. Inevitable Questions Earlier this week, Principal Financial Group Inc. announced that it has entered into an agreement to buy Wells Fargo & Company’s retirement plan services unit for $1.2 billion. The acquisition covers all existing Wells Fargo Institutional Retirement and Trust (IRT) business. As of December 31, 2018, the respective Wells Fargo retirement businesses had $827 billion in …