Final Section 4960 Executive Compensation Excise Tax Regulations: Significant Changes for Tax-Exempt Organizations
Grandfathering, Covered Employees, Timing Rules For Renumeration, Related Group 50 Percent Test, Parachutes, and More
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will provide ERISA counsel and advisers an in-depth analysis of Final Section 4960 regulations on executive compensation rules and tax-exempt organizations' challenges. The panel will discuss the excise tax for certain organizations, aggregation rules, the 50 percent test for related groups, excess remuneration parachute payments, reporting requirements, and key planning techniques for structuring executive compensation for tax-exempt organizations.
Outline
- An overview of final Section 4960 regulations
- Entities and employees subject to Section 4960
- Aggregation rules
- Excess parachute payments
- Reporting requirements
- Best practices in structuring executive compensation for tax-exempt entities
Benefits
The panel will review these and other key issues:
- Key provisions of Final Section 4960 regulations
- Recognizing the differences in structuring executive compensation arrangements for tax-exempt vs. taxable entities
- Understanding the dynamics of Section 4960 and the 21 percent excise tax
- Determining what entities and employees are subject to Section 4960
- Excess parachute payments and the 21 percent excise tax
- Aggregation rules and key tax planning considerations
- Practical techniques for structuring executive compensation for nonprofit organizations
Faculty
James R. Huffman
Attorney
Proskauer Rose
Mr. Huffman counsels public and private companies on their employee benefits plans and executive compensation... | Read More
Mr. Huffman counsels public and private companies on their employee benefits plans and executive compensation arrangements. This includes counseling clients on compliance with ERISA, the Internal Revenue Code, and securities laws, both in day-to-day administration and in transactions (including mergers and acquisitions and financing transactions). In the employee benefit plan space, he provides advice on the full lifecycle of a plan, from its inception and administration to its termination. Mr. Huffman also represents clients before the IRS and other government agencies in connection with these matters. His practice also includes advising clients in connection with distressed multiemployer pension plans.
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Seth J. Safra
Partner
Proskauer Rose
Mr. Safra advises clients on compensation and benefit programs. His experience covers a broad range of retirement plan... | Read More
Mr. Safra advises clients on compensation and benefit programs. His experience covers a broad range of retirement plan designs, from traditional defined benefit to cash balance and floor-offset arrangements, ESOPs and 401(k) plans—often coordinating qualified and non-qualified arrangements. Mr. Safra also advises on ERISA compliance for investments, including the U.S. Department of Labor’s new conflict of interest (fiduciary) rules.
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