Breaking Down the Myths and Misconceptions About 409A to Its Basics

This program will demystify the complexities of Section 409A of the Internal Revenue Code and return to the fundamentals of why compliance with the requirements of Section 409A important and how to comply with such requirements.

Focusing on the basics, we will cover:

• What is a nonqualified deferred compensation?
• Timing of deferral elections
• Permitted payment events and common exceptions
• The consequences of a failure to comply with the Section 409A requirements