In addition to providing key employee benefits, nonqualified deferred compensation plans can be designed to meet numerous corporate objectives. The use of discretionary employer contributions in addition to or in place of participant deferrals is one way to help achieve those objectives.
Employer contributions can help meet these goals:
• Retaining key employees
• Attracting top talent
• Motivating key employees to meet certain goals
• Controlling compensation
Watch this seven-minute video. You'll learn more about the benefits of employer contributions, as well as what to consider when incorporating such a feature into a deferred compensation plan's design.
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