With the applicability dates for the Final 409A Regs looming, the IRS has released Notice 2007-100, which contains corrections to unintentional operational failures. The applicable words are “unintentional” and “operational”. Notice 2007-100 is clear that these corrections are not available for intentional failures, and they are not available for plan document failures.
Notice 2007-100 […]
Entries Tagged as 'Nonqualified Deferred Comp'
Correcting Operational Failures in Non-Qualified Deferred Comp Plans
December 10th, 2007 · No Comments
Tags: Final 409A Regs · IRS · Nonqualified Deferred Comp
Savings Clause Now Disregarded in Deferred Comp Plans
October 25th, 2007 · No Comments
Trends come and go in writing plan documents. The hottest trend over the last year, especially for non-qualified deferred compensation plans, has been to include a savings clause when writing plan documents or amendments. David E. Morse, of K & L Gates, in a great summary of the Final 409A Regs, describes savings […]
Tags: Final 409A Regs · IRS · Nonqualified Deferred Comp
