We know offering a robust retirement plan helps attract and retain in-demand executives, reduce turnover expenses, and boost the bottom line. But far from being table stakes, your retirement offering gives you an opportunity to differentiate yourself amongst the competition and attract top talent. As part of that package, you may consider including a nonqualified deferred compensation (NQDC) plan offering for your leadership staff.
In fact, today we’re seeing NQDC plans grow more popular as companies continue to build out their compensation structures: 89% of plan sponsors who offer an NQDC plan cite providing a competitive benefits package for key employees as the top reason. These often-underutilized executive benefits are an important tool to help higher-earners connect their overall benefits package from the workplace with their personal financial goals and investment strategy.
