401(K) plans and other qualiﬁed retirement plans are wonderful savings vehicles for the majority of your employees. In most cases they provide an opportunity to create adequate levels of income replacement in retirement. Not so for your executives. Given this single savings option they may be left with a very large gap between the retirement income percentage they need and what they will actually have.
Deferred compensation affords executives a pre-tax opportunity to save appropriate amounts of salary and bonuses to ﬁll that gap. We can assist in plan administration and ﬁnancing of well-designed plans to meet corporate and participant needs. Both ﬁxed and variable crediting of balances are available.