Retirement & Deferred Compensation
Business Services
Deferred Compensation Plans
Deferred Compensation Plans
The tax advantaged 401(k) plan has replaced pensions and social security as the primary vehicle for Americans to save for retirement. Since 401(k)’s have become an expectation of today’s workforce, it is our opinion that businesses need to properly evaluate their 401(k) plan with 2 perspectives in mind.
How effective is your plan as a retirement vehicle?
Retirement Efficiency
Retirement Readiness
Plan Participation
Investment Funds & Costs
Education
Plan Insights
Is your plan being effectively leveraged as tool to recruit, retain, & reward talent?
Plan Efficiency
Plan Design
Fiduciary Liability Mitigation
Coordination of Providers
Industry Specific Benchmarking
Open Architecture
Administrative & Payroll Support
Non-Qualified Deferred Compensation Plans
Non-Qualified Deferred Compensation Plans
What is a Non-Qualified Deferred Compensation Plan?
When working with business owners the most frequent question we hear is “how do I attract and hold onto talent after I find it?” One of the more common ways to do this is through discriminatory Non-Qualified Deferred Compensation plans, which can help highly compensated employees close the retirement gap.
With IRS limits on contribution amounts, highly compensated employees need to find additional ways to save for retirement. Non-Qualified Deferred Compensation plans give them an easy way to contribute more and eliminate the gap.
Is a Non-Qualified Deferred Compensation Plan right for your organization?
Each company and situation is unique, let us help you explore options that fit your company specifically.
With traditional qualified contribution limits, highly compensated employees often fall short of the recommended savings goal. Non-qualified deferred comp plans give them an easy way to contribute more and eliminate the gap.
