Jeff Martin is a partnerr in the Washington National Tax Office of Grant Thornton LLP located in Washington, D.C., specializing in compensation and benefits. In this role, he tracks new legislation and guidance, and advises Grant Thornton’s offices and clients with respect to tax issues that impact compensation and employee benefits. Jeff is a CPA, and is an active member of the AICPA. He is the co-chair of the conference planning committee for the AICPA National Conference on Employee Benefit Plans, and he is the chair of the AICPA technical resource panel on employee benefits.
Mrs. Field has 29 years of experience in the Employee Benefits area. She works on both domestic and international compensation and benefits issues. She reviews and helps determine the taxation, reporting, withholding and deduction rules for equity compensation, fringe benefit programs, 280G golden parachute rules, section 162(m) $1 million dollar limit rules, nonqualified deferred compensation arrangements (including both section 409A and certain international plans), other executive compensation, and also assists with qualified 401(k) and pension issues and healthcare benefit taxation.
In this session we will discuss the key tax and audit considerations (and some Department of Labor considerations) for contributions of property other than cash or employer shares to a qualified retirement plan. Contributing non-cash property to a qualified plan requires a number of steps. Plan Sponsors and company advisors must consider valuation issues, fiduciary duties, prohibited transaction requirements and unrelated business income tax determinations. At the end of this session the participant should be able to