AdvisorFacts

2017 Non-Qualified Deferred Compensation Survey: Prevalence of Plans Increases

A competitive executive compensation plan is becoming increasingly vital to attracting and retaining talented management. In fact, employers taking Newport Group’s 2017 Current Practices in Non-Qualified Deferred Compensation Survey, said providing a competitive compensation plan, allowing executives to accumulate assets for their financial planning needs, and retaining executives were their top three goals when it comes to offering a Non-Qualified Deferred Compensation, (NQDC) plan.
 
According to the survey, NQDC plans are a more significant component of the executive compensation landscape than ever before, particularly among larger companies. Overall, 92% of survey respondents offer NQDC plans to executives at some level within the organization. We are also seeing a trend with smaller companies competing for top level executive talent offering NQDC plans as part of their overall benefits package.

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Fiduciary consulting services are provided through Newport Group Securities, Inc., an SEC-registered investment adviser and FINRA-registered broker-dealer, and Newport Group Consulting, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and Newport Group Consulting, LLC are affiliates of Newport Group, Inc. All securities transactions are provided through Newport Group Securities, Inc., in its role as broker-dealer. All fiduciary consulting services are provided through the registered investment advisers. When offering variable insurance products, Newport Group Securities, Inc. acts solely in its capacity as a broker-dealer. Trust and custody services provided by Newport Trust Company, a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc.