Why Would My Company Establish a Nonqualified Deferred Compensation Plan?

Today’s job market is extremely competitive, especially for key talent. Nonqualified plans offer an indispensable means for employers to attract, motivate, reward, and retain key executive talent. Unlike a “qualified” plan, such as a 401K, tax laws allow employers to establish “nonqualified plans” for a select group of highly compensated employees. Nonqualified plans allow employers … Continue reading Why Would My Company Establish a Nonqualified Deferred Compensation Plan?