Sidney L. Gold and Associates, P.C.

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Deferred Compensation

Philadelphia compensation lawyers at Sidney L. Gold & Associates formulate and negotiate deferred compensation plans in employment agreements and separation agreements to ensure that their clients deferred compensation is available to them according to the terms of the plan.  Deferred compensation refers to non-taxed, interest-bearing income earned by an employee that is put into a separate account and distributed as income in the future.  The deferred compensation program is available in two forms; qualified and non-qualified plans.  Qualified plans include 401(k) plans and IRAs that are regulated by the Employee Retirement Income Security Act of 1974 (ERISA).  Non-qualified deferred compensation plans are regulated by the Internal Revenue Code, 409A.

Employees in qualified deferred compensation plans cannot access this money until they reach the age of retirement.  Doing so before retirement age results in hefty financial penalties for the worker.  We arbitrate and litigate disputes that may arise in the future if the employer is non-compliant with the terms set forth in the agreement.

For more information on deferred compensation, contact the Philadelphia employment law firm of Sidney L. Gold & Associates at 215-569-1999, or complete our online contact form.

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A Message to Our Customers About Coronavirus COVID-19:
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A Message to Our Clients About Coronavirus COVID-19:

At Sidney L. Gold & Associates, P.C. we view the safety and well-being of our clients, staff and business partners as our highest priority.

The situation regarding the COVID-19 virus is continually changing, and we are following all recommended guidelines to stay healthy.

Currently, our business will remain open to serve your needs.

We are happy to arrange for phone or video consultations should you have any concerns about keeping your scheduled appointments with us. We are also able to exchange documents via secure drives or email.

Should you have any concerns regarding an upcoming meeting with us, please contact us online or call 215-569-1999

We are continuing to fight on behalf of our clients and that we are all able to handle things even if mandated by the government that we work remotely.

Thank you and take care.