The amount deferred, however, does not come with some of the benefits of qualified deferred compensation plans, such as the ability to take out loans against them or roll over the funds into an IRA. There is also a risk of a total loss of the amount you've set aside with no return....
Mr. Schwartz spoke on the panel 409A Update — the First Real Year, which focused on whether deferred compensation mistakes are fixable without severe tax penalties.Max J. Schwartz
The Evolving World of Erisa 2011Max J. Schwartz
Mr. Schwartz ran a first-of-its-kind 2-1/2 hour webcast and answered questions relating to the new deferred compensation tax rules (Section 409A).Max J. Schwartz