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  • Have you reviewed the participation levels of your retirement plan on account of employee turnover?

     The IRS requires a plan which is “partially” terminated to fully vest those participants affected. The Service holds a plan is partially terminated when there is a 20% reduction in the number of participants as of the end of the year.

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  • 409A Compliance Deadline

     Bonus and Equity compensation practices are required to be compliant with Code section 409A by December 31, 2008. Learn more in our article “The ABCs of NQDCs”
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  • Plan Limit Increases

     Pension and Profit Sharing plan dollar limitations increase for 2009.

    Limit on elective deferrals: $16,500.

    Limit under defined contribution plan: $49,000.

    Definition of Highly Compensated Employee: $110,000.
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  • ESOPs Increase Sales

     A new study of majority ESOP-owned companies has found that sales per employees are 8.8% greater than comparable non-ESOP companies. For more information on ESOPs, see the article “ESOP basics.”
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