Deferred Compensation and 403(b) Developments

The Employee Benefits Group of Ropes & Gray presents a Teleconference for Tax-Exempt Clients

Please join us for a two-part session on

Deferred Compensation and 403(b) Developments

• Deferred Compensation Issues under New Internal Revenue Code Section 409A (3:00 pm - 4:00 pm ET/12:00 pm - 1:00 pm PT)
• New Proposed 403(b) Regulations (4:00 pm - 5:00 pm ET/1:00 pm - 2:00 pm PT)

 As promised, the IRS has issued guidance on new Code Section 409A, which dramatically changes the nonqualified deferred compensation landscape. The new rules, which took effect on January 1, 2005, will impact a wide array of existing and new deferred compensation agreements. The first part of the teleconference will discuss the new IRS guidance with a focus on the issues faced by our tax-exempt clients.

The second part of the teleconference will address the recently issued proposed regulations under Code Section 403(b). These long-awaited regulations impact almost every facet of 403(b) plan form and operation, and the teleconference will highlight the changes included in these proposed regulations.