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Supplemental executive compensation — tax-exempt organizations

Most firms hand this question off. It's the only one I take on.

How do you pay and keep a nonprofit executive without tripping 457(f), 409A, or an intermediate-sanctions problem? It's a small question with big consequences — and after years of doing only this, it's the one I answer best.

People I do my best work for

  1. General counsel and CFOs at hospitals, credit unions, universities, and foundations.
  2. Boards weighing an executive package they'll have to defend later.
  3. Consultants who want a specialist for this corner — not a competitor for the client.

Work I'll send elsewhere

  • For-profit equity and stock options.
  • Routine ERISA administration and filings.
  • Personal wills, trusts, and estates.
  • Anything outside my one lane. I'd rather refer than wing it.

If this is your problem, I'd like to hear about it.

— Dan Sherman