Sep 10, 2020
Non-qualified deferred compensation (NQDC) plans remain one of the most valuable and important tools an employer has for attracting and retaining key employees, according to a new survey from Newport and PLANSPONSOR magazine.
Nearly all employers—98 percent—who participated in the Newport / PLANSPONSOR 2020 Executive Benefit Survey say they currently offer a NQDC program, an increase in prevalence from previous year’s surveys.
The ongoing popularity of NQDC plans is a key finding of this year’s Newport / PLANSPONSOR 2020 Executive Benefit Survey. In partnership with PLANSPONSOR magazine, the retirement industry’s leading publication, Newport’s team of non-qualified benefits consultants gathered and analyzed data from nearly 300 companies nationwide. Newport’s NQDC professionals then used their industry knowledge and years of experience to offer important observations and valuable insights.
In addition, the survey includes a special section on how companies are responding to COVID-19 issues concerning their deferred compensation arrangements.