Deferred Compensation for Payroll Professionals

Recorded Webinar | Dayna Reum | From: Nov 16, 2022 - To: Dec 31, 2022

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Recording     $229
DVD     $249
Recording + DVD     $389
Transcript (Pdf)     $229
Recording & Transcript (Pdf)     $379
DVD & Transcript (Pdf)     $389

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Employers can provide employees with a wide range of deferred compensation plans to save for retirement. The impacts on payroll can range and understand the differences between all the different projects can be very confusing for the payroll professional. This webinar will help the payroll professional better understand commonly used plans and how these plans affect them.

What Will Be Reviewed:-

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

Why Should You Attend:-

  • Understanding the difference between Defined Benefits plans and Defined Contribution plans
  • Details around both qualified and non-qualified plans plus what is the difference between each
  • How to properly report plans to the IRS and employees on the W-2
  • What is discrimination testing and how does it impact a company?
  • What is the importance of the annual limits?
  • Give the payroll professional an 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 a defined contribution plan
  • Understanding annual contribution limits and catch-up limits
  • A basic review of the deferred compensation IRS section # and what they mean regarding how plans must be run to keep the tax benefits.