We will consult with you to develop strategies for rewarding and retaining management and key employees in your company. The Executive Nonqualified "Excess" PlanA defined contribution deferred compensation plan that allows executives to defer pre-tax income in "excess" of qualified plan limits - potentially up to 100% of compensation. These plans are based on a contractual agreement between the employer and the executive(s) that results in the executive foregoing current compensation in exchange for a future benefit.The Executive Nonqualified Defined Benefit PlanA nonqualified deferred compensation plan where the employer promises to provide a supplemental retirement benefit for a select group of management or highly compensated employees. The company can choose to informally finance the future obligation or leave the obligation unfinanced.
View or download James Frawley’s article: Executives Need Financial Planning Help Too! that appeared in Accounting Today.