PSCA notes that the percent of organizations stating that their primary goal for offering a NQDC plan is “to help employees accumulate assets” has increased by 40% in the last three years.
Tag: nonqualified deferred compensation plans
The 6th U.S. Circuit Court of Appeals found Safelite’s NQDC plan to be covered under ERISA, so a participant’s claims for Section 409A violations should have been filed as an ERISA action.
Changes to the treatment of executive compensation and NQDC plans may look unfavorable, but sources say they remain a valuable benefit for employees.
A white paper unpacks aspects of the new law that will affect a wide range of retirement, benefits and payroll professionals.