Noteworthy Information

Alert: IRS Notice 2010-6 Provides Guidance on Correction of Certain Document Failures to Comply with Section 409A

If you have non-compliant nonqualified deferred compensation plan documents, this Notice provides a window of opportunity to avoid penalties by making eligible corrections. Please note that client plan documents we administer have already been reviewed for compliance with 409A. Learn more about this Notice in the January 2010 NYLEX News Alert under Articles of Interest

iSERPs Can Avoid Roth IRA Income Limits

With the new Roth IRA conversion rules for 2010, many employees may be considering this opportunity. However, income and annual dollar limitations on contributions to Roth IRAs make them unavailable to many executives and top performers. NYLEX Benefits has developed the iSERP™ (Individual Secured Executive Retirement Program) so you can offer your key employees an alternative to Roth IRAs. Learn more about this innovative and timely program as well as other supplemental executive benefits in the December 2009 issue of NYLEX News, under Articles of Interest

Deferred Compensation: To Defer or Not to Defer?

The possibility of rising personal income tax rates has individuals wondering about the value of deferring compensation and paying taxes later on that income. We've looked past the hype surrounding this issue to help you make a sound decision. See the September 2009 NYLEX News Alert, under Articles of Interest

Addressing the Retirement Income Gap for Key Executives

Highly compensated employees often face retirement without sufficient income. NYLEX Benefits has a proprietary system that can assist you in designing an executive benefits program to best meet specific executive and company needs. Read about this system and the COLI Best Practices notice and consent requirements in this issue of NYLEX News. See the June 2009 NYLEX News Alert, under Articles of Interest

BOLIStar® Indicates that BOLI Levels Were Nearly Flat in 2008

This issue of NYLEX News discusses the BOLI marketplace and results for 2008 based on our BOLIStar® Report. An outlook for the 2009 BOLI market is also included. See the April 2009 NYLEX News, under Articles of Interest.