Section 409A
Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)What is Internal Revenue Code (IRC) Section 409A?IRC Section 409A, added by the American Jobs Creation [...]
The ‘Golden Handcuffs’ Concept
“GOLDEN HANDCUFFS” FOR KEY EMPLOYEES A way to “sweeten the pot” and retain executives and managers. A job that is simply too good to leave. [...]
Cross-tested (new comparability) retirement plans
A new comparability plan is a qualified profit-sharing plan that can have more substantial contributions for favored employees (usually higher-paid workers and key employees). With [...]
Nonqualified Plans
A nonqualified deferred compensation (NQDC) plan is an arrangement between an employer and one or more employees to defer the receipt of currently earned compensation. [...]