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Will new DOL disability rules cut down on future litigation?

Recently, the Labor Department issued final rules revising the claims procedures for ERISA plans making disability determinations that affect plan benefits. The DOL noted that nearly two-thirds of all ... read more

Nonqualified Deferred Compensation Plans

Nonqualified deferred compensation plans are used by businesses to supplement existing qualified plans and provide an extra benefit to key personnel and highly compensated employees. In small ... read more

How Deferred Compensation Works for Retirement - Nasdaq

There are two types: qualified deferred compensation plans and non-qualified deferred compensation (NQDC) plans, each […] The post How Deferred Compensation Works for Retirement appeared first ... read more

New deferred compensation rules have immediate effect

The American Jobs Creation Act – signed into law last October by President Bush — imposes new restrictions on a wide range of compensation arrangements. The act adds a new Section 409A to the Internal ... read more

Congress passes new retirement rules. What these 7 changes mean for you and your 401(k) - CNN

For employees dissuaded from saving money in a tax-deferred retirement plan because it would be too complicated and costly to access for emergencies, Secure 2.0 may assuage that fear: It will let ... read more

NAPA unveils new adviser designation for nonqualified plans

The credential will confirm an adviser’s expertise in working with nonqualified deferred compensation and executive compensation plans. SEP 21, 2022 By Gregg Greenberg ... read more

How Deferred Compensation Works for Retirement - MSN

For 2024, the maximum employee contribution to a 401(k) is $23,000, with an additional $7,500 catch-up contribution allowed for those aged 50 or older. read more