"Nonprofits Can Be Profitable, Too" Broker World

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Nonqualified deferred compensation plans for the benefit of executives of not-for-profits must comply with additional rules under §457 of the Internal Revenue Code. These additional compliance issues change the way that the plans must be structured and still be attractive to both the employer and the executive.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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