FIS Relius

Code §409A made dramatic changes to the rules governing nonqualified deferred compensation plans of various types, including SERPS, equity-based compensation arrangements, and 457(f) plans. Failure to comply with requirements in form and in operation will result in covered employees facing loss of tax deferral and also significant tax penalties.

This program addresses the requirements, including those related to deferral timing, payment elections and changes, in-service distribution options, changes to rabbi trust funding rules, withholding, reporting, and other issues. Speakers also cover practical design and drafting for the changes. Don’t miss this opportunity to learn what you must do to maintain valuable tax deferral benefits under an employer’s nonqualified plan.

Topics include:

• 409A requirements
• Timing of deferral elections
• Payment election restrictions
• Funding restrictions
• Reporting rules
• Penalties for non-compliance
• Plan document requirements
• 457(f) Plans

Prerequisites: There are no prerequisites or other advanced preparation for this program.

Level: Intermediate

Instructional Delivery Method
Group – Internet-Based

Speakers
S. Derrin Watson, J.D., APM
Recipient of ASPPA’s 2006 Educator of the Year Award

Stephen W. Forbes, J.D., LL.M.
Author of The Form 5500 Filing Guide

Objectives: After attending this Web seminar, an attendee should be able to:

1. Determine the proper time for making a deferral election
2. Identify the 409A requirements
3. Determine the payments restrictions
4. List the funding restrictions for nonqualified deferred compensation
5. Identify the reporting requirements for nonqualified deferred compensation
6. Calculate correction for universal availability failure
7. Determine the written plan requirements
8. Determine how 409A affects 457(f) arrangements

Hardware System Requirements:

• Windows 95, 98, NT 4.0, 2000, XP, Windows 7
• Internet Explorer 4.01 or later, Netscape 4.08 or later, and set Internet browser to allow pop-up windows.
• High-speed Internet connection.
• Pentium 166+ MHz, 128MB RAM or more.
• 1023 x 768 or higher display resolution.
• Soundcard and Speakers.

Software Requirements:

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• Silverlight 4 System Requirements Information: http://www.microsoft.com/getsilverlight/locale/en-us/html/installation-win-SL4.html
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