Nonqualified
Plans (Executive Deferred Compensation Plans)
Nonqualified
Plans (Executive Deferred Compensation Plans)
IAI works closely with employers to develop and maintain nonqualified plans that conform to applicable laws while providing valuable tools for retaining and rewarding management and other highly compensated employees.
IAI’s nonqualified plan consulting services include:
 |
Consulting/design services for new plans and amendments to existing plans |
|
Drafting of plan documents, amendments and enrollment forms for review by legal counsel |
|
Determination of top-hat plan eligibility/avoiding application of Title I of ERISA to your plan |
|
Review of existing plan document language for compliance with IRC §§ 409A, 457(b), 457(f) and related regulations, as well as relevant ERISA provisions |
|
Review of existing plan operation for compliance with relevant statutes and regulations |
|
Assistance and recommendations to correct documentation and operational failures |
Annual or ongoing administrative services include:
|
Maintenance of an administrative calendar (of actions to be taken each year) |
|
Basic trust accounting |
|
Allocation of earnings or credits to each participant’s account |
|
Summary of each participant’s vested and non-vested account balance |
|
Maintenance of computer records of contributions and earnings allocations for each plan year and participant |
|
Preparation of annual enrollment forms for participants |
|
Calculation of benefits due to terminated participants |
|
Distribution paperwork |
|
Preparation of Form 1099-R |
|
Calculation of annual expense and financial disclosures as required by the Financial Accounting Standards Board |
|
Calculations and consulting regarding FICA tax liability |
We take care of the technical aspects of the plan so you can focus on achieving the goals you have set out for the plan.
Request more information about our services