Benefits Update: Section 409A Deadline Ahead: Current Action Required
24 January 2008
Mayer Brown Article
24 January 2008 - Section 409A of the Internal Revenue Code imposes significant requirements with respect to nonqualified deferred compensation plans. It applies to amounts deferred on or after January 1, 2005. The IRS provided a length transition period and issued final regulations under section 409A in 2007.