Many employers use a deferred compensation plan to attract and retain top talent. But like any other benefit, there are rules to follow, especially within the realm of the payroll department.
This webinar gives details that payroll professionals need to be better understand commonly used deferred comp plan features - and the IRS requirements that impact the payroll professional.
These impacts can range from pretax deductions, reporting requirements, and participation in discrimination audits.
Learning Objectives:- Understanding the difference between Defined Benefits plans and Defined Contribution plans.
- Details on differences between qualified and non-qualified plans
- How to properly report plans to the IRS on employees W-2
- What is discrimination testing and how it impacts a company?
- What is the importance of the annual limits?
- A basic review of the deferred compensation IRS section #s - and what they mean with regard to how plans must be run to keep their tax benefits
About Your SpeakerDayna Reum, CPP, FPC, is a payroll professional with over 15 years experience in both teaching and handling payroll. Ms. Reum holds both a Certified Payroll Professional and a Fundamental Payroll Certification designation, and is a frequent presenter on various payroll topics. Dayna has worked for companies such as PetSmart, Honeywell, and the American Payroll Association. Dayna also serves on the National American Payroll Association on the national Strategic Leadership Task Force, has received a Citation of Merit and is a Gold Pin member of the APA. She is certified in HR hiring and firing practices, and is a Six-Sigma Greenbelt. HRCI Credits This program has been approved for 1.5 re-certification credit hours for HRCI's PHR and SPHR designations through the HR Certification Institute. For more information about certification or re-certification, please visit the HR Certification Institute website at hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCIs criteria to be pre-approved for re-certification credit. SHRM Professional Development Credits This program is valid for 1.5 Professional Development Credits (PDCs) for the SHRM-CP or SHRM-SCP designations. For more information about certification or re-certification, please visit shrmcertification.org.
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