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409A Corrections
Presentor: Derrin Watson Recorded Date: 4/5/2013 Duration: 100 Min.

This program was recorded during a live presentation on April 5, 2013.

It is just too easy to make mistakes in a nonqualified deferred compensation plan subject to Code §409A. The consequences of those mistakes can be horrendously expensive. This seminar focuses on the correction programs the IRS has put in place for 409A operational and document errors. We also examine a possible alternative for errors involving nonvested benefits, and the consequences of uncorrected failures. This program is a must for anyone working with nonqualified deferred compensation plans.

Topics include:

  • Consequences of 409A failure
  • Effect of proposed taxation regulations
  • Classification of operational failures
  • Correcting operational failures
  • Avoiding document failures
  • Correcting document failures
  • Required IRS and participant notices
Prerequisites:There are no prerequisites or other advanced preparation required for this program. The speaker will assume participants have a general understanding of the requirements of Code §409A.

Level: Intermediate

Instructional Delivery Method
Group – Internet-Based

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

Objectives: After the seminar, attendees should be able to assist service providers and service recipients in correcting defects in 409A plans (operational and document) at the lowest available cost in taxes and penalties.

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.
  1. Software Requirements:
  2. Silverlight Version 4 is required. Silverlight Version 5 or higher is preferred.

Program related requests, questions, or concerns may be emailed to: