Implement a flexible, tax-deferred retirement plan
Nonqualified plans are designed to meet the retirement needs of key executives and other select employees. Employers can offer this option in addition to 401(k)s and other qualified plans. This exclusive benefit allows executives to increase their retirement savings with some tax advantages and no limit on benefit amounts.
Sponsor benefits
Nonqualified plans allow employers to recruit and retain top executive talent. These plans also offer plan sponsors tax advantages and more flexibility, along with these additional benefits:
- Not subject to nondiscrimination rules
- Unlimited tax-deductible contributions
- Virtually no government paperwork
Note: Deduction on the contribution is taken the year the income becomes taxable to the employee.
Participant benefits
Nonqualified plans allow key employees to increase their savings beyond the limits of your retirement plan.
Participant advantages include:
- No annual contributions limits
- No taxation on employer contributions until distributions are taken
- Deferred taxation on earnings
Note: Benefits are not secured. Employees must rely on the employer's promise to pay the deferred compensation in the future.
Ready to get started?
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By phone
Call a Retirement Specialist at 800-866-2288.
For existing retirement accounts, call 800-228-8076.
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