Westport Strategies provides nonqualified
plan and employee benefit plan asset administration services.
(Pen-Cal), a leading provider of nonqualified
deferred compensation benefit plans and consulting services.
plan at its core is an unsecured, unfunded promise that an employer will pay an employee compensation in the future,” says Scott Holton, principal at The Todd Organization, a
2518 requirements, then it is a nonqualified
As plan sponsors may realize their plan does not facilitate such savings rates, either because of testing failures or Internal Revenue Service (IRS) savings limits-$18,000 a year, or $24,000 for those 50 and older-they are increasingly considering nonqualified
deferred compensation (NQDC) plans for their top employees, says Gary Dorton, vice president of nonqualified
solutions and services at Principal Financial Group, in Raleigh, North Carolina.
One way to bridge this gap is by offering a nonqualified
deferred compensation plan, which allows compensation earned in one year to be set aside and paid in a later year.
The traditional nonqualified
deferred compensation plan is a legally binding contractual agreement (plan) between an employer and one or more of its key personnel or independent contractors.
For the S Corp owner, any salary or bonus deferral into a nonqualified
deferred compensation raises the company's taxable revenue.
Bethesda, MD, June 30, 2014 --(PR.com)-- Nolan Financial, a leading provider of Nonqualified
Retirement Plans, Bank Owned Life Insurance (BOLI) consulting, funding and record keeping services, launched its new responsive website design, http://www.nolanfinancial.com.
7 December 2012 - More employers say recruitment and retention are among the top reasons for offering nonqualified
deferred compensation plans to their key employees.
Market headwinds have led some financial professionals to question the role of nonqualified
deferred compensation (NQDC) plans in their business practice.