Sessions
Concurrent Session
Demystifying IRS Deferred Compensation Rules: Five Things You Must Know About Code Section 409A
356-357
Tuesday 06/20/2017 10:45 AM - 12:00 PM
1.25 SHRM PDCs
| Competencies: HR Expertise, Critical Evaluation
| Intended Audience: Senior-Level
Workplace Application:
This session will provide a description of common issuer and traps you may face with respect to deferred compensation arrangements.
Since its effective date in 2005, Code Section 409A has wreaked havoc on benefit plan sponsors and employees with deferred compensation. Section 409A touches many areas other than executive benefits, including severance, annual bonus and incentive compensation, and expense reimbursements. This session will present five common situations that regularly come up for HR and benefits professionals that have significant 409A implications. You will learn:
- The basics of federal regulation of deferred compensation under Code Section 409A and how to spot a 409A issue, including the impact of additional IRS regulations issued in June of 2016.
- Which types of arrangements trigger Section 409A and what restrictions may apply.
- Strategies for 409A compliance and avoidance.
- How to correct and remedy 409A violations in the event they occur or potentially could occur.
