Description
The Nonqualified Plan Consultant (NQPC™) credential – developed by some of the nation’s leading advisors and retirement plan experts – demonstrates your knowledge, expertise, and commitment to working with nonqualified deferred compensation and nonqualified executive compensation plans. Consultants who earn their NQPC™ demonstrate the expertise required to consult with employers on nonqualified plan design and plan financing. In this 4 hour bootcamp our instructor will provide the most important information from the online education program to help you study and pass the advanced portion of the NQPC™ exam.
Learning Objectives
Understand that S Corporations may benefit from an unfunded define benefit SERP type of arrangement • Explain the tax advantages • Identify common tax liabilities • Explain constructive receipt • Explain economic benefit • Explain payroll taxes • Explain how to prepare for federal/state income tax planning • Explain Medicare surtax planning • Describe the tax considerations for REBA • Describe how a Rabbi Trust is taxed • Describe FICA taxation including the special timing rule including present value versus whole dollar, non-duplication rule, and Top Hat Status • Describe Medicare Taxation on deferred compensation • Describe how nondeferred compensation plans are booked by C Corporations • Describe how pass-through entities are impacted by FICA/FUTA taxes Explain the proper documentation that is needed • Identify what advisors need when engaging clients about nonqualified deferred compensation plans • Identify expert partners advisors can leverage when offering nonqualified deferred compensation plans • Explain the reporting process • Explain 409A Operational Errors • Understand IRS penalty taxes • Understand the regulations that govern COLI such as consent of participants and filing of Form 8925 • Describe the tax regulations that relate to COLI and nonqualified deferred compensation plans