These plans, designed specifically to address the retention and retirement needs of key employees, can also help fill what can be a significant gap in retirement savings for more highly compensated workers.
“Financial professionals recognize that nonqualified deferred compensation plans provide an important additional retirement savings option for highly compensated key executives who are limited in how much they can efficiently put away through traditional employer-sponsored retirement plans,” said Andy Dalgliesh, director of nonqualified benefits consulting for The Principal. “But this may not be an area of specialty for many advisors who seek additional support in presenting these programs to employers. Our video series gives them a high-quality, ready-made educational tool with objective content in simple, straightforward terms.”
The four videos in the series cover basic and advanced topics:
- Making the case for nonqualified deferred compensation plans
- Nonqualified deferred compensation plan design
- Distributions from nonqualified deferred compensation plans, and
- Section 409A correction programs
Financial professionals and consumers can access the videos on http://www.YouTube.com/principalfinancial.