Deferred Compensation Plans
A nonqualified deferred compensation plan allows your key employees to save for retirement above and beyond qualified plan limitations and restrictions and bridge the retirement gap.
Deferred compensation plans offer a tax-deferred option to supplement your existing qualified employer-sponsored plan, such as a 401(k) plan.
This would allow your employees too:
- Take advantage of pre-tax deferrals, tax-deferred growth and compounded earnings.
- Defer compensation above 401(k) or 403(b) plan limits to meet savings goals.
- Design a personalized investment strategy.
- Enjoy flexibility and take payouts from the plan without the same age restrictions as 401(k) or 403(b) plans.
To find out if a Deferred compensation plan is the right fit for your company, reach out to us today!