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The Newport Group and The Todd Organization Announce Agreement
The Todd Organization has signed an agreement with The Newport Group, a leading retirement services provider based in Heathrow (Orlando), Florida, whereby Newport will acquire Todd’s administrative services unit, Todd Consulting, Inc. (TCI). Under the terms of this agreement, Newport will supply the administrative services formerly provided to Todd clients by TCI. Click here to read the entire press release.
IRS Postpones 409A Informational Reporting Requirements
Similar to the position taken in 2006, the Internal Revenue Service ("IRS") has once again postponed this year's informational reporting requirements with respect to deferrals and earnings under non-qualified deferred compensation plans. Click here to view the entire Newsletter.
IRS Extends 409A Transition Relief Through 2008
On October 22, the IRS released Notice 2007-86 extending the transition period for bringing deferred compensation arrangements into compliance with Internal Revenue Code section 409A ("IRC 409A"). The Notice, extending good faith compliance and documentation deadlines to December 31, 2008, is intended to allow service providers and service recipients additional time to make informed decisions under the final regulations published in April. In addition, the effective date for the final regulations has been extended to January 1, 2009. Click here to view the entire Newsletter.
409A Regulations Issued by Treasury Department and IRS
The long-anticipated and comprehensive set of final rules governing non-qualified deferred compensation plans - 409A regulations - has been issued. On the whole, these appear to be very favorable to existing deferred compensation and supplemental executive retirement plans. Perhaps most importantly, they remove uncertainty and provide clarity for existing plans and ones under consideration. The regulations also provide guidance for other types of deferred compensation plans, including equity compensations plans and severance agreements. Click here to view the entire Newsletter or click Click here to view the press release.
SERP Sales Shift Direction
When corporate executives retire these days, chances are they will have had a hand in funding their leisure years using a salary reduction or other deferred compensation arrangement. That’s because a dwindling percentage of U.S. businesses are offering them the gold standard of retirement packages: the 100% employer-funded supplemental executive retirement plan. Click here to request a copy of the entire article.
The Todd Organization Releases Study of Executive Benefits
The Todd Organization released a study of executive benefits at 276 of America's Most Admired™ companies. This report concludes that regardless of a company’s economic sector, it is highly likely to use supplemental retirement plans and other executive benefits programs to retain and attract a quality executive team. Click here to view the entire press release or click here to view a shortened version of the report.