Government rules restrict the amount of money highly compensated employees can contribute to their retirement savings. Tax-deferred plans, like their 401(k) often only allow them to replace 30-50 percent of their salary unless they are offered a deferred compensation plan.
Providing a deferred compensation plan gives you a competitive recruiting and retention advantage over others in your industry.
A strategically designed deferred compensation plan allows you to provide your top executives an affordable, nonqualified solution to bridge the retirement gap that often exists. Whether they are a domestic or international employee we can work with you to design, implement, and administer a personalized plan that benefits not only them but also your organization.
Your plans will be backed by financing options and offer an implementation timetable and plan administration services that include, participant investment option processing, contribution earnings/losses allocation, maintenance of balance information, calculation and tracking of vesting schedules and distributions, creation of plan liability reports for asset rebalancing.