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Most employers supplement qualified plans for execs

About 70 percent of employers supplement their qualified plans with additional employer-funded, non-qualified retirement benefits for their senior executives, and these supplemental plans providing an annual contribution are marginally more common than those focusing on a specified retirement benefit, according to a new benefits survey by Integrated Healthcare Strategies.

By Amanda McGrory-Dixon | Updated on October 31, 2011

About 70 percent of employers supplement their qualified plans with additional employer-funded, non-qualified retirement benefits for their senior executives, and these supplemental plans providing an annual contribution are marginally more common than those focusing on a specified retirement benefit, according to a new benefits survey by Integrated Healthcare Strategies.

The survey also finds that median medical plan premiums for family coverage grew by an average of 8 percent each year for the past three years, and most respondents offer executives 100 percent of their pay during a short-term disability period through one or more disability programs. For a long-term disability claim, the median salary replacement is 60 percent, which is provided by group and supplemental disability plans at the executive level.

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