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 Act of 2004, is the first comprehensive legislation aimed squarely at employer nonqualified deferred compensation [more...]
Jan 282012
Jan 282012
Custom Benefit Plans for Key Personnel A top-hat plan is a type of nonqualified deferred compensation (NQDC) plan that is established to provide unfunded (employers don’t formally set aside funds for these benefits; instead, they use their general assets) deferred compensation [more...]
Dec 202011
“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. Businesses arrange “golden handcuffs” or “golden handshakes” agreements with key managers to reward loyalty and promote retention. [more...]
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. You might want to establish a NQDC plan to provide your employees with benefits in addition to [more...]
