ERISA at 45: Executive Compensation

In our sixth installment of ERISA at 45, Philadelphia partner Mona Ghude speaks with Sarah Bassler Millar, Chicago partner and Chair of Drinker Biddle’s Employee Benefits and Executive Compensation Group, about the major changes to executive compensation over the years – including the addition of 409A to the tax code, how employers have become more aware of the tax aspects of deferred compensation arrangements, why employers are moving to a defined contribution type of deferred compensation arrangement, and the restrictions employers face with instituting top hat plans.