MBS Financial’s 7th survey of the nonqualified deferred compensation plan market is the most comprehensive survey done of the NQDCP marketplace – encompassing over 12,000 plans administered by the 20 largest NQDCP recordkeepers….
One well known, yet unexpected result of the COVID-19 pandemic was the mass exodus of individuals out of city centers. For many, that exodus extended to moving out of state, particularly for those seeking to move from high to low income tax…
Read More Moving Out Of State? Don’t Forget About The Source Tax
Our 6th survey of nonqualified deferred compensation plan information demonstrates the continued growth of the industry. Data was compiled from 11 of the largest deferral recordkeepers (including two recent consolidations) with $186 billion in liabilities, 11,657 plans and 702,000 participants.
Informally funding a DCP without Triggering Distribution Requirements In order for Real Estate Investment Trusts (“REITS”) to maintain their designated tax treatment status, they must meet the annual REIT testing requirements. REITS are required to distribute at least 90% of taxable income…
Executive Summary This article explores how a company can use a deferred compensation plan (“DCP”) as a tool to overcome the executive recruitment and retention challenges produced by “The Great Resignation”.
Read More How To Battle The Great Resignation With Deferred Compensation Plans
No, DCPs restore lost savings opportunities and fit in an egalitarian culture. Many companies say yes. Here are the reasons why: Issue: Highly compensated employees (HCEs) are in fact discriminated against by 401(k) contribution limits and testing. In 2022, an HCE is…
Read More Are Deferred Compensation Plans (DCPs) An Executive Perk?
For most companies, preparing a request for proposals for third-party administrators (TPAs) of nonqualiNed retirement plans is a relatively infrequent occurrence, compared with doing so when seeking TPAs for other types of beneNt plans. For that reason, companies may not follow some…
Read More Nonqualified Deferred Compensation Plan (DCP Aka 409A) Participant User’s Guide
For most companies, preparing a request for proposals for third-party administrators (TPAs) of nonqualiNed retirement plans is a relatively infrequent occurrence, compared with doing so when seeking TPAs for other types of beneNt plans. For that reason, companies may not follow some…
Read More 2015 – How To Pick A TPA For A Non-Qualified Plan 7 Tips
The retirement savings gap in the United States is nothing new – for at least the last decade experts have warned that savings rates are down. Exacerbating the issue is the pandemic of 2020.
The American Rescue Plan Act of 2021 (commonly referred to as the $1.9 trillion coronavirus aid package) includes a provision that will double the number of the highest-paid executives whose compensation in excess of $1 million…
Read More IRC 162(m) | Executive Pay Limits Included In Covid Stimulus Package