Employers wholeheartedly back nonqualified executive benefit plans, but aren't happy with participation levels that are too low, according to a survey from retirement services firm The Newport Group.
The survey revealed, among other things, that "employers are increasingly looking for ways to strategically use nonqualified plans to better align corporate objectives with the retirement goals of their management teams."
That's leading sponsors to pay more attention to such items as leveraging deferred compensation from a wider range of sources and satisfying participant demand for tools to help them manage their accounts.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
