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Compensation and Benefits
Structuring programs to compete for talent in today’s market
Effective compensation and benefits programs are central to your ability to attract and retain talent in today’s hypercompetitive employment market. The good news? You have more options to choose from than ever before, enabling you to more closely tailor your compensation and benefits programs to your business strategy and to your employees’ needs. But that complexity is also the bad news. How do you choose the right options without creating undesirable tax complications? How do you keep your plans aligned with your strategy in an evolving business environment? How do you deal with the uncertainties and compliance burdens of constantly changing regulations?
At RSM, we understand. We’ve been helping middle market businesses make the right compensation and benefits choices to support their unique strategies for decades. From plan design and implementation to the full range of compliance, tax and reporting challenges you face, we’re ready to help.
The IRS issues proposed regulations to update the life expectancy tables to reflect current, longer life expectancy rates.
The U.S. Senate approved treaty protocols that will affect the taxation of pension plans between certain contracting states.
The IRS publishes applicable annual limitations and maximums for retirement plans, resulting in small increases for 2020.
IRS issued Rev. Proc. 2019-39, a revenue procedure that establishes a system of recurring remedial amendment periods.
The IRS issued final regulations on the 401(k) plan hardship distribution requirements as amended by tax reform (T.D. 9875).