Tag: SEP
Deferred Compensation Plans: Take Time Now to Ensure Compliance with Section 409A
Internal Revenue Code Section 409A regulates deferred compensation plans and other arrangements, including severance plans, annual bonus payments, long-term incentive arrangements, stay bonuses, and settlement agreements upon termination. Section 409A rules govern compensation that was deferred or became vested after Jan. 1, 2005. Because employers have faced many difficulties trying to comply with these rules, […]
IRS Announces 2007 Retirement Plan Contribution Limits
The Internal Revenue Service has released cost-of-living adjustments for contributions to employee retirement plans, including 401(k), 403(b), and 457 plans, as well as profit-sharing, SIMPLE, and SEP plans. For information on the new limits, go to the IRS website. 10 Tips for Effective, Legal Performance Appraisals Don’t let your performance appraisals fall by the wayside. […]