The Internal Revenue Service finally has issued the long-awaited final regulations under Internal Revenue Code section 409A. The regulations were originally proposed in 2005 and were the subject of considerable comments by employers and practitioners. Plans and arrangements generally must be amended for compliance with the final regulations on or before December 31, 2007. The final regulations are discussed in detail in our Alert which can be accessed by clicking on the PDF icon above.
Source: Employee Benefits & Executive Compensation Client Memorandum
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