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Know-More Blog

Teaching employees their benefits
According to the 2017 Prudential/PlanSponsor Executive Benefits Survey, the overall rate of companies offering nonqualified deferred compensation plans (NQDCPs) increased to 85 percent in 2017 from a survey low of 77.2 percent in 2015. And why should you care? NQDCPs represent an extremely attractive tax-deferral vehicle to help highly compensated employees save for retirement or life-stage...
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Retirement Planning for Executives
Most companies today provide retirement planning with a 401(k) plan, with or without company matching contributions or profit sharing. While these plans work well for rank-and-file employees, they impose severe limitations on highly compensated employees. To fill the gap created, many organizations provide their highly compensated talent with nonqualified deferred compensation plans (NQDC), which gives the...
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