Nonqualified deferred compensation plans can offer many advantages for both plan sponsors and participants. Their design flexibility allows them to help meet many employer objectives.
There are several key elements that employers should consider when designing their plans. From defining participant eligibility to designing vesting schedules, an experienced plan provider can help employers customize a plan into a well-rounded benefits package.
Watch this seven-minute video to learn more about what nonqualified deferred compensation plans can offer, as well as the elements to consider when designing a plan.
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