The ins and outs of nonqualified deferred compensation

An NQDC plan allows high earners to defer income on a pre-tax basis, creating additional retirement savings and flexibility beyond traditional retirement plans. With new SECURE 2.0 rules affecting contributions for high earners, these plans are increasingly valuable for attracting and retaining key employees. Businesses may benefit from adding NQDC options to diversify retirement benefits and better meet the needs of top talent.

The ins and outs of nonqualified deferred compensation