New York, NY, October 07, 2011 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that David Cohn, ASA, MAAA, EA, Principal, Sullivan, Cotter and Associates, Inc., will speak at a 2-hour webcast entitled “Operating 457(f) Arrangements in Light of New Regulations: Applying 409A to Nonqualified Arrangement of Tax-Exempt Organizations Live Webcast.” This event is scheduled for Wednesday, October 26, 2011 from 12:00pm to 2:00pm (ET).
About David Cohn
David Cohn is the Retirement Practice Leader and Chief Actuary of Sullivan, Cotter and Associates, Inc. Prior to joining the firm, he was a senior retirement consultant and actuary with Buck Consultants, PricewaterhouseCoopers and Towers Perrin. With 15 years of consulting experience, he has worked with a wide variety of for-profit and not-for-profit employers with an emphasis on not-for-profit healthcare organizations.
David has a Master of Actuarial Science degree from Georgia State University. He received his Bachelor of Science in Business Administration from the University of Florida. He is a member of the Society of Actuaries and the American Academy of Actuaries. In addition, David is certified to perform actuarial services by the Joint Board for the Enrollment of Actuaries.
About Sullivan, Cotter and Associates, Inc.
Sullivan, Cotter and Associates, Inc. is an independent consulting firm specializing in assessing and developing total compensation programs for health care and other not-for-profit organizations. Since 1992, SullivanCotter has worked to devise innovative solutions that attract and retain talent while complying with regulatory standards and adhering to best governance practices. A leader in compensation consulting and benchmarking, SullivanCotter annually conducts the most widely recognized health care executive and physician compensation surveys in the United States.
To learn more about David Cohn and Sullivan, Cotter and Associates, Inc. Please visit their website: www.sullivancotter.com
In 2004, the Department of Treasury published Internal Revenue Code Section 409A. After it was published, tax-exempt employers sponsoring nonqualified deferred compensation arrangements questioned the applicability of the new Code section to their plans, and specifically how certain provisions would coordinate with Code Section 457(f), the section of the Code otherwise governing the operation of nonqualified plans maintained by tax-exempts. In 2007, the Treasury published its notice of intent to issue regulations regarding the applicability of Section 409A to 457(f) arrangements.
Four years later, in 2011, the IRS issues the final 457(f) regulations which will impact tax-exempt employers’ nonqualified deferred compensation plans, SERPs, and severance pay plans. During this event, a panel of distinguished professionals will discuss the following:
• Background on Code Section 457(f), including what types of arrangements are affected.
• Impact of Code Section 409A, the final regulations, and IRS Notice 2007-62.
• New IRS definition of substantial risk of forfeiture and bona fide severance plan.
• Review of current deferred compensation and severance plan designs. What is typical market practice?
• Based on the new regulations, what plan design elements will have to change? Includes real world examples of what works and does not work under the new IRS regulations.
• What are the ramifications of the required changes, both to the tax-exempt employer and to the employee?
• Step-by-step implementation guidelines and next steps to meet the new compliance standards, including deadlines to revise plan documents and how to deal with compliance issues after the deadline.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. For further details, please visit the organization’s website: www.knowledgecongress.org.