This is a reminder that the deadline for correcting document failures of nonqualified deferred compensation plans under IRS Notice 2010-6 is December 31, 2010. IRS Notice 2010-6 permits correction of many common types of plan document failures while avoiding the severe adverse tax consequences of 409A violations. Certain corrections can be made after December 31, 2010, but penalties will apply. Therefore, it is important that any necessary action be taken promptly.