Serving as the president of Epic Wealth Management since its formation in 2015, Robert Gill manages the independent brokerage firm located in Red Bank, New Jersey. Focused on helping New Jersey companies turn profits and expand their workforce, Robert Gill helps facilitate retirement programs such as deferred compensation.

1. What are the
Benefits of
Deferred
Compensation?
Robert Gill

2. Introduction
• Serving as the president of EpicWealth Management since its
formation in 2015, Robert Gill manages the independent brokerage
firm located in Red Bank, New Jersey. Focused on helping New Jersey
companies turn profits and expand their workforce, Robert Gill helps
facilitate retirement programs such as deferred compensation.
A form of employee compensation, deferred compensation are
earnings that are saved and paid out to the employee at a future
date. Company-sponsored retirement plans, pension plans, and
stock-option plans are forms of deferred compensation. In most
cases, the income tax on those earnings is also deferred until the
funds are paid out.

3. Deferred Compensation
• Opting for deferred compensation can help employees reduce their tax burden if
they expect to move down into a lower tax bracket post-retirement.
Depending on the employer, the deferred compensation offered to employees
may be structured as a “qualifying” or “non-qualifying” plan under federal rules.
To be considered a qualified deferred compensation or pension plan under the
Employee Retirement Income SecurityAct (ERISA), the plan must be offered to
all employees and contributions are capped by law. On the other hand, non-
qualifying deferred compensation plans, also called 409(a) plans, are typically a
tool used to retain valuable employees, since employers can offer them only to
select employees without any contribution limits.With this plan, employers can
offer a heftier compensation package, but defer paying some of it until after
retirement.