Articles

Newport Executive Benefits Survey Details the Latest in NQDC Plans

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.

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Newport Group, Inc. (“NGI”), an Ascensus Company, and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.

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Newport Trust Company is a New Hampshire state-chartered trust company and wholly owned subsidiary of NGI. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.

The views expressed herein are those of NGI and are current only through the date indicated. These views are subject to change at any time based upon market or other conditions, and NGI disclaims any responsibility to revise these materials to reflect updated views. These views may not be relied upon as investment advice and, because investment decisions for NGI are based on many factors, may not be relied upon as an indication of trading intent.