INSIGHT INTO NONQUALIFIED PLANS and deferred compensation
A competitive employee benefits package is essential when competing in today’s labor market – that’s why some organizations choose to offer a supplemental nonqualified plan. For key executives or other highly compensated employees who want to defer a portion of pre-tax wages until retirement, nonqualified deferred compensation plans can often serve as a valuable added incentive.
Global Wealth Solutions Group of Raymond James has the tools and resources available to assist in evaluating, selecting and managing the nonqualified plan that best fits your organization’s needs. As your guide to these plans, you can expect our team to provide participant education and regular plan reviews.
For highly compensated employees who have maxed out qualified plan contributions and are interested in a lower tax rate, a nonqualified plan is one strategy for pursuing their retirement savings goals.