American Jobs Creations Act of 2004 - The Other Benefits & Compensation Provisions

This is the second of the Firm’s Management Alerts on the American Jobs Creation Act of 2004 (“Act”), signed into law on October 22, 2004. The most significant changes made by the Act to the employee benefits arena relate to deferred compensation (view the October 22 Management Alert on the Act here). Other changes for employee benefits and executive compensation, are summarized below. While a number of these provisions are generally applicable to employer, others serve special interests or correct discrete issues and are briefly summarized.