Missed our Webinar ? Have no fear, you can watch it now! TOPIC: Worried about losing your future leaders? Traditional deferred compensation plans do not always work for your younger rising stars. It’s no secret that today’s rising talent prefer more immediate cash reward than additional retirement benefits. What else can you do other than… Read more »
Dodd-Frank Act & Executive Compensation
The Dodd-Frank Act directly impacts compensation provisions of the law and has adopted the Securities and Exchange Commission (SEC) rules. Shareholder votes on executive compensation (Section 951) and independence of compensation committees (Section 952) have been affected. There’s been consistent movement in finalizing this Act; however, some of the rules are still in the process of… Read more »
409A Deferred Compensation & 457 Regulations (Government & Tax-Exempt)
409A Deferred Compensation & 457 Regulations The IRS recently proposed regulations for Section 409A for nonqualified deferred compensation plans and 457(f) regulations for deferred compensation plans of state and local governments and tax-exempt entities. Section 409A of the Internal Revenue Code is a set of rules that govern nonqualified deferred compensation plans. The… Read more »
Best Practices for Managing Life Insurance Trusts
Best Practices for Managing Life Insurance Trusts Irrevocable life insurance trusts (“ILIT’s”) are facing fiduciary challenges in asset management and administration. Litigation directed toward trustees of ILIT’s for breaches of fiduciary duty is on the rise due to tax laws and technical complexities of corporate trustees and ILIT administration. Breached fiduciary duties of ILIT… Read more »