Deferred Compensation for the Payroll Dept

Employers have a wide range of deferred compensation plans they can provide employees as a method to save for retirement.

The impacts to payroll can range and understanding the differences between all the different plans can be very confusing for the payroll professional. This webinar will help the payroll professional be better at understanding commonly used plans and how in payroll these plans affect them.

Why you should Attend:
Payroll to better understand the requirements of deferred compensation programs so they can better manage the deductions, corrections of such plans on a payroll

• Qualified Pension and Profit Sharing Plans (IRC 401 (a))
• Defined Benefit Plans
• Defined Contribution Plans
• Annual Limits
• Catch up Contributions and Secure Act 2.0
• Discrimination Testing
• Cash or Deferred Arrangements (IRC 401(k))
• Tax Sheltered Annuities (IRC 403(b))
• Deferred Compensation Plans for public sector and Tax exempt groups (IRC 457(b))
• Employee Funded Plans (IRC 501(c)(18)(D))
• Non-qualified Deferred Compensation Plans

• Understanding the difference between Defined Benefits plans and Defined Contribution plans
• Details around both qualified and non-qualified plans plus what is the difference of each
• How to properly report plans to the IRS and employees on the W-2
• What is discrimination testing and how it impacts a company?
• What is the importance of the annual limits?
• Give the payroll professional a overview of several different types of deferred compensation plans and how it affects payroll
• Review non-discrimination testing and why it is so important
• What is the difference between a Defined benefit plan and defined contribution plan
• Understanding annual contribution limits and catch up limits
• A basic review of the deferred compensation IRS section # and what they mean in regards to how plans must be run to keep the tax benefits

• AP and Payroll Professionals