The New Rules for Deferred Compensation

The American Jobs Creation Act of 2004 (the "Act") introduced a new set of rules for "non-qualified deferred compensation plans." By adding new Section 409A to the Internal Revenue Code, the Act subjected these very popular and common arrangements to a series of fairly restrictive new requirements regarding the timing of elections to defer compensation, distributions from covered arrangements and the use of so-called "Rabbi Trusts." Click the link to view the article in its entirety.

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