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Executive Deferred Compensation

Tax legislation, new government regulations and increasing shareholder awareness over the past twenty years have made retirement planning for executives a moderately difficult topic for consideration.  Traditional retirement benefits have been eroded by government regulation and companies now seek to endow their senior executives with non-qualified benefits that replace some of the lost retirement benefits.

Whether through a defined contribution or a defined benefit retirement plan, employers now find it necessary to offer non-qualified plans as a means of attracting and retaining key employees.  These non-qualified benefits create new benefit opportunities.  They are an essential part of the total rewards system for senior executives and have become an integral part of the total compensation package.

There are three types of plans that fall into the broad category of Executive Deferred Compensation can take many forms both qualified and nonqualified: