Hardship Withdrawals No Longer Limit Non-Qualified Plan Deferrals Pre-2019 Rule (Old Rule) Up until this year, before the Bipartisan Budget Act of 2018 was signed into law, a participant in a non-qualified deferred compensation plan was…
Read More Hardship Withdrawals No Longer Limit Non-Qualified Plan Deferrals
The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides…
Read More Non-Qualified Deferred Compensation Plans – Draft Carefully
INCOME TAX PROVISIONS OF THE TAX AND JOBS ACT Specifically – How do the new tax provisions impact executive benefits? On December 20, 2017, Congress enacted the most comprehensive tax reform measure since 1986.
Read More How Do The New 2017 Tax Provisions Impact Executive Benefits?
Below is a good review of the IRS final regulations to enhance DB plans, which allows participants to elect annuity payments inside of their defined benefit plan. We hope you find this information useful. Feel free to contact us if we may…
Each state has unique rules for establishing or terminang income tax residency. See below for more informaon about common residency guidelines and potenal obstacles. We hope you find this informaon useful. Feel free to contact us…
Read More Leaving One State For Another, Don’t Get Stuck In Between
While 401(k) Hardship Withdrawal rules have been eased, keep in mind that Deferred Compensation Plan rules for Hardship Withdrawals remain unchanged. See below for more information on the new 401(k) Hardship Withdrawal rules.
Read More 401(k) Hardship Distributions: IRS Eases Substantiation Requirements
On March 7, 2019, the United States Department of Labor (“USDOL”) issued its long-awaited proposed rule that would increase the minimum salary threshold to qualify for exemption from the overtime provisions of the Fair Labor Standards Act (“FLSA”)…
Read More DOL Issues “Highly Compensated Employee” Definition In FLSA Guidance
L.A. native shares rules of the road for effective leadership From the Petersen car museum to UCLA’s business school, Peter Mullin has helped steer dozens of institutions. At age 73, Peter Mullin shows no signs of slowing down.
Read More Los Angeles Native Peter Mullin Shares What He’s Learned As A Leader Of 15 Institutions
Pre-Purchase Analysis The Pre-Purchase analysis for a BOLI transaction is a critical report documenting the BOLI decision-making process and identifying the due diligence performed prior to execution of the purchase. This material will include…
Corporate-owned life insurance (“COLI”) is a financing alternative widely utilized by public and private companies, financial institutions, banks and insurance companies as a means of financing executive benefit obligations.