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Structuring Severance Benefits for Favorable Tax Treatment

December 2018 When most people think about compensation, few think about severance as a form of compensation that they will ever receive. It is important to plan for all contingencies regardless of their likelihood.  Severance from employment can occur for a variety of different reasons unrelated to your performance including a corporate change in control […]

What’s New With mapbenefits?

You can now access your Deferred Compensation Plan through your mobile device! The mapbenefits mobile app brings you the ability to view your account information and complete your annual enrollment right on your mobile device. Through the mapbenefits mobile app you will be able to: Track account balances and fund details, including fund performance View […]

IRS Issues New 162(m) Rules Related to Grandfathered Benefits under Deferred Compensation Plans

Changes to 162(m) made by the Tax Act expand the $1 million deduction limit for covered employees at public companies. Nonqualified deferred compensation plans (NQDC) amounts accrued as of November 2, 2017 can escape these expanded deduction limits if the NQDC amounts meet certain grandfather requirements to remain covered by the pre-Tax Act 162(m) rules […]

Deferred Compensation Plan Asset / Liability Reconciliation Managing Profit and Loss (P&L) – Not an Exact Science

June 2018 Deferred Compensation Plans can be designed and funded to have little to no P&L impact.  However, even the most well thought out plans can put a company in a negative P&L position without proper management and oversight.  Having the appropriate processes in place is paramount for managing an “on balance” plan. It is […]

Economic Benefit of Life Insurance Under Final Split Dollar Regulations

May 9, 2018 The appropriate method for valuing company-paid life insurance benefits under final split dollar regulations is currently understood to be measured by Table 2001 or an insurance carrier’s published alternative term rates, which meet the specifications indicated in Notice 2002-8.  Below is the basis for this industry practice: Final split dollar regulations provide […]

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