Nonqualified Deferred Compensation Plans: Don’t Ignore All of the Other Rules

Fulcrum Partners Fulcrum Partners NEWS

In a blog post  released this past Monday and authored  by Michael S. Melbinger of Winston & Strawn LLP, Melbinger takes a closer look at the recently released IRS Audit Technique Guide for Nonqualified Deferred Compensation Plans.  Noting that the headline about the release “looked promising,” and that this is the first IRS update since 2005, Melbinger said, “The new Audit Technique Guide (ATG) …

IRS Announces 2016 Pension Plan Limitations

It’s Up to Plan Sponsors to Track Loans, Hardship Distributions

Fulcrum Partners Fulcrum Partners NEWS

It’s Up to Plan Sponsors to Track Loans, Hardship Distributions In providing guidelines for Plan Sponsors, the Internal Revenue Service makes it clear, even if you, as a Plan Sponsor, use a third party administrator (TPA) to handle participant transactions, you are ultimately still responsible for the proper administration of that retirement plan. Make sure you stay on top of all recordkeeping requirements. Recordkeeping for …

409A Correction: IRS Chief Counsel Memorandum clarifies that correction of Section 409A failures …

Fulcrum Partners Executive Benefits News

409A Correction: IRS Chief Counsel Memorandum clarifies that correction of Section 409A failures in year of vesting will not shield income inclusion under 409A Following up on a topic we blogged about recently, (see blog post “409A Corrections Clarified,” from May 6)  is this update from Poskauer’s ERISA Practice Center Blog, titled: IRS Chief Counsel Memorandum clarifies that correction of Section …

IRS Announces 2015 Retirement Plan Limits

IRS Announces Retirement Plan Limits for 2015

Fulcrum Partners Executive Benefits News

Fulcrum Partners LLC, shares this update just released by the IRS regarding the changes for 2015 in the social security taxable wage base, qualified compensation limits, and other aspects of U.S. retirement plan limitations.  The full update appears below.   IRS Announces 2015 Retirement Plan Limits Ponte Vedra Beach, FL — (October 23, 2014) —  The IRS announced today the cost …