Employee Benefits Law Report

Tag Archives: tax-exempt

“Substantial risk of forfeiture” clarification impacts tax-exempt and governmental employer non-compete arrangements

One of the more interesting (or frustrating, depending on your point of view) things about language is how sometimes, the same word can have multiple meanings. As Michael Jackson once showed us, “Bad” can sometimes mean bad, and sometimes it can mean good. In the executive compensation world, “substantial risk of forfeiture” is a term … Continue Reading

403(b) Plan Termination Roadmap

Section 403(b) plans were historically important for tax-exempt employers, but under current tax laws, maintaining a 403(b) plan may no longer be viable or advisable for an employer. An employer that wants to pull out the 403(b) plan termination roadmap first needs to ask a basic question: can I get the engine started (will the … Continue Reading