Three key factors for successfully adopting nonqualified retirement plans.
Data from the Boston Research Group finds that the average participant in an NQDC plan will receive 20% of retirement income from this plan alone, according to a panelist at the 2017 PLANSPONSOR National Conference.
Seventy-one percent of plans allowing employer contributions make a match, and more than half of plan sponsors offer the same investment menu as offered in their qualified DC plans, PSCA’s benchmarking report found.
Among other things, a federal district court held that “appropriate equitable relief” under ERISA Section 502(a)(3) may extend to remedy inequitable conduct pertaining to a supposed waiver of plan rights.
A federal appellate court did not even consider whether the plan in question was a top hat plan because it found the lawsuit missed the statute of limitations under Maryland law.
A federal district court previously found that Henkel Corp. effectively reduced nonqualified retirement plan participants’ benefits by not properly withholding taxes.
Pen-Cal has become a Lion Street Owner-Firm.
Executive benefits continue to be a strategic component of total rewards programs for health care executives, Mercer finds.
BOLI and COLI are used to recover the costs of supplemental employee health and nonqualified retirement plans.
The guide for examinations agents serves as a reminder of NQDC plan rules.
While “top hat” retirement plans for executives are not subject to many ERISA requirements, there are still opportunities for plan sponsors to get in trouble with them.
While it worked to boost savings in its 401(k) plan, one plan sponsor did not forget about highly compensated employees’ desire to save for retirement.
When deciding to enroll in a non-qualified retirement savings program, communication and education are ranked as highly important by potential plan participants.
A federal appellate court found language in a plan membership letter and beneficiary designation form did not show intent for a nonqualified plan to adopt all terms of a qualified retirement plan.
A group of retirees should not have received a lump-sum payment from a nonqualified plan at a change in control because they were not “participants” as defined by the plan.
A group of nonqualifed retirement plan participants argue their employer reduced their retirement benefits by not paying FICA taxes on their accounts per the plan document.
More than three-quarters (78%) of nonqualified retirement plan sponsors surveyed indicated they have some concerns and challenges with their plans.
October 31, 2014 (PLANSPONSOR.com) - "In this world nothing can be said to be certain, except death and taxes" - Benjamin Franklin
October 9, 2014 (PLANSPONSOR.com) – Small and mid-size businesses have a new nonqualified deferred compensation (NQDC) plan option from The Principal Financial Group.
September 29, 2014 (PLANSPONSOR.com) - The U.S. Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) proposed a regulation that would require electronic filing of “top hat” plan statements, and apprenticeship and training plan notices.