A 409a deferred compensation plan is a non-qualified arrangement that allows employees to defer a portion of their income to a future date. This plan is often used by high-income earners to reduce ...

TAMPA, Fla., March 20, 2024 /PRNewswire/ -- 409A Direct today announced its launch, giving small- to medium-sized businesses access to a technology platform for creating and implementing nonqualified ...

A non-qualified deferred compensation (NQDC) plan allows a service provider to earn wages, bonuses, or other compensation in one year but receive the earnings—and defer the income tax on them—in a ...

Under pre-409A income tax law, tax deferment is not achieved if, prior to the actual receipt of payments, the employee is in constructive receipt of the income under the agreement. Income is ...

A properly constructed unfunded 1 nonqualified deferred compensation agreement can postpone payment of compensation for currently rendered services until a future date, with the intended objective of ...

Employers that want to reward a key employee by promising to pay a bonus upon retirement need to examine 409A. Section 409A of the Internal Revenue Code sets strict rules for when employers may pay ...

Deferred compensation arrangements must comply in operation with the requirements of 409A effective January 1, 2005, unless they are grandfathered or otherwise exempt, [FOOTNOTE 3] and the documents ...

As its name suggests, a deferred compensation plan allows you to delay receiving part of your compensation until a later date. These retirement plans are offered by certain employers to a select group ...