4.19.2005

New Law Impacts Deferred Compensation Plans Starting in 2005

In the wake of the Enron disaster, the freshly minted American Jobs Creation Act of 2004 takes aim at “deferred compensation” arrangements. Starting in 2005, this new law dictates what deferred compensation plans can and cannot do. The new law contains some unpleasant surprises. Failure to comply can mean dire tax consequences for employees. View full article (PDF).