Deferred Compensation for Payroll
Employers have a wide range of deferred compensation plans they can provide employees as a method to save for retirement. The impacts to payroll can range and understanding the differences between all the different plans can be very confusing for the payroll professional. This webinar will help the payroll professional be better at understanding commonly used plans and how in payroll these plans affect them.
- Understanding the difference between Defined Benefits plans and Defined Contribution plans
- Details around both qualified and non-qualified plans plus what is the difference of each
- How to properly report plans to the IRS and employees on the W-2
- What is discrimination testing and how it impacts a company
- What is the importance of the annual limits?
- Qualified Pension and Profit Sharing Plans (IRC 401 (a))
- Defined Benefit Plans
- Defined Contribution Plans
- Annual Limits
- Catch up Contributions
- Discrimination Testing
- Cash or Deferred Arrangements (IRC 401(k))
- Tax Sheltered Annuities (IRC 403(b))
- Deferred Compensation Plans for public sector and Tax exempt groups (IRC 457(b))
- Employee Funded Plans (IRC 501(c)(18)(D))
- Non-qualified Deferred Compensation Plans
Dayna is currently the Payroll Tax Manager at PetSmart Inc. Dayna has been heavily involved in the payroll field over 15 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to... View Full Profile
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This program has been approved for credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
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