RCG News

Treasury Department and IRS Final Regulations on IRC Section 409A

SAN DIEGO, CA. - On April 10, the Treasury Department and the Internal Revenue Service (IRS) published final regulations for nonqualified deferred compensation arrangements governed under Internal Revenue Code (IRC) Section 409A. With IRC Section 409A, the IRS has formalized best practices for deferred compensation. In response to this, Retirement Capital Group, one of the nation's leading executive benefits consulting firms, has issued, " Ten Things You Should Do by Year-End to Get Maximum Value", a quick guide to improve the results of a company's Nonqualified Deferred Compensation (NQDC) Plan.

Recently, best practice design features, found in state-of-the-art NQDC plans have found increased acceptance. Simply put, best practices refer to a standard of planning and implementation that is beyond average, one that encompasses a range of contingencies to offer a level of exceptional quality in benefits planning. All NQDC plans are not equal, so companies preparing to design or redesign NQDC plans will find it highly beneficial to adopt the ten best practices design guidelines that are published in the guide.

The article "Ten Things You Should Do by Year-End to Get Maximum Value" and additional exclusive content is available at the web-site's Knowledge Center at www.retirementcapital.com/knowledgecenter/.

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