Seong Kim, Christina Cerasale, Kaley Ventura and Alan Cabral quoted in PlanSponsor

Seong Kim, Christina Cerasale, Kaley Ventura and Alan Cabral’s recent legal update was referenced in a March 18 story from PlanSponsor, “Stimulus Bill Includes Executive Compensation Changes That Might Affect NQDC Plans.” The Seyfarth partners said that unlike other covered employees, the ARPA’s expansion of the $1 million deductibility cap to include the next five highest compensated employees does not require that these additional five employees be permanently treated as covered employees; the five additional covered employees would be re-determined based on compensation levels each year. You can read the full article here.