What is Nonqualified Deferred Compensation and Why Do Companies Use It?

What is Nonqualified Deferred Compensation and Why Do Companies Use It?

Fulcrum Partners. Deferred Compensation News

A nonqualified deferred compensation plan (NQDC) is an unsecured promise made by an employer to pay compensation to key employees at a prespecified time in the future or upon the occurrence of a predetermined event. An NQDC plan is also one of the most powerful tools available to employers for recruiting, retaining, and rewarding key employees.

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Fulcrum Partners Releases Report on Impact of SECURE Act on NQDC Plans and Important Strategic Tax-Saving Solutions

Fulcrum Partners. Fulcrum Partners Media Releases

Since the SECURE Act (Setting Every Community Up for Retirement Enhancement) was signed into law by President Donald Trump on December 20, 2019, much of the resulting conversation has focused on how the new law effects various aspects of 401(k) plans. Fulcrum Partners, a leading U.S. executive benefits advisory, has released a report focused on other important implications of the SECURE Act, specifically how it may impact nonqualified deferred compensation (NQDC) plans and retirement distribution elections.

Why Today’s Organizations Offer Deferred Compensation Plans

Why Today’s Organizations Offer Deferred Compensation Plans

Fulcrum Partners. Deferred Compensation News

Based on 2018 research results1, published and released by Principal® earlier this year, employers recognize that competitive benefit offerings remain key in attracting top talent. In a job market that can be tight and highly competitive, employers are looking for ways to recruit and retain key employees. Principal’s research shows that retaining and motivating key employees, along with restoring a …

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Retirement Plan Review Checklist

Fulcrum Partners. Deferred Compensation News

Sharing this handy Plan Review Checklist from our strategic advertising partners, SRP, Strategic Retirement Partners. Spring Cleaning for Your Retirement Plan Spring is in the air and now could be a great time to do a little spring cleaning for your retirement plan. Here are a few quick things you can do help ensure your plan is in tip top …

Do You Need a Retirement Plan Committee

Do You Need a Retirement Plan Committee?

Fulcrum Partners. Deferred Compensation News

From Strategic Retirement Partners (SRP), originally published December 27, 2018, on the SRP Blog. Who Should Serve on My Retirement Plan Committee? Do we need a retirement plan committee? If your plan requires an independent audit, you should have a retirement plan committee in place and meet regularly. Your auditor is likely to request committee meeting minutes as part of …

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Deferred Compensation Plans: 4 Reasons Why They Matter, Year After Year

Fulcrum Partners. Executive Benefits News

According to a report published last year by Principal Life Insurance Company, research continues to show that a deferred compensation plan plays a significant role in helping the plan’s participants reach their retirement goals. In fact, progress toward their retirement savings objective continues to be the primary motivation for plan participation. Additionally, reaching retirement savings goals plays the largest role …

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Your Retirement Savings: What Changed with the Mid-Term Elections

Fulcrum Partners. Executive Benefits News

It’s been just over a month since U.S. midterm elections yielded a partial change in command in Washington D.C. While the Republicans retained the Senate, Democrats won the House. Right now, you’re probably spending long hours on the holiday hamster wheel, where you and your staff try to complete 8 weeks of work and projects in 5 and a half. …

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Action Items to Prepare for the 2019 Proxy Season

Fulcrum Partners. Executive Benefits News

Deferred Compensation News is pleased to share this important end-of-year discussion featuring Attorneys Michael S. Melbinger and Nyron J. Persaud of Winston & Strawn LLP. Providing a checklist of action items to address in preparation for the 2019 proxy season, the presentation covers: Lessons Learned from the 2018 Proxy Season Changes in Law, Regulations, and Proxy Advisor Guidelines Since Last …

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A Comprehensive Look at Trends In NQDC | Nonqualified Deferred Compensation

Fulcrum Partners. Executive Benefits News

Fulcrum Partners has released a report that includes valued insights on the statistics and trends in deferred comp plans through the lens of both plan sponsors and participants. The information, much of it contained in graphs is based on research from the 10th annual nonqualified deferred compensation plan study conducted by Principal® Plan sponsors will find these insights helpful in …