When an employee’s retirement needs aren’t covered by a 401(k) alone, they can allot more of their paycheck pre-tax by participating in a a nonqualified deferred compensation plan (NQDC). While the employer chooses and purchases the type of plan, the employee can choose how much they would like to contribute and how it is invested.
Our agents will be happy to discuss your options and determine if this type of plan is right for your business.
