Benefits Article: The Effects of Internal Revenue Code 409A on the Design and Operation of Ineligible Plans of Deferred Compensation of Tax-Exempt Employers.
9/9/2005
The American Jobs Creation Act of 2004 made major changes to all sorts of deferred compensation plans and arrangements. While virtually all executives are, or at least may be, effected by this new law, tax-exempt employers have an additional layer of issues and concerns due to the unique set of rules that govern their executive compensation programs. This article recently published by the Bureau of National Affairs, Inc. in the September 2005 issue of its Tax Management Compensation Journal discusses the impact of this new law on tax-exempt employers such as colleges and universities, independent schools, hospitals, and cultural institutions, among others. The article was written by Alden Bianchi, who is the practice group leader of the Firm's employee benefits and executive compensation practice.
