TCS : Services : Executive Deferred Compensation

Services

Executive Deferred Compensation

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Defined contribution plan maximum addition = $44,000
Qualified plan annual compensation limit = $220,000

Voluntary deferred compensation plan that allow executives to defer portions of their overall compensation package including:

Bonus or Incentive plan payments
Long-term cash compensation payments and/or
Other Cash compensation

Supplemental Executive Retirement Plans (SERP) that offer a competitive retirement package for mid-career executives that have relatively fewer years in the company’s retirement plan.

In a robust economy, deferred compensation allows executives to maintain their standard of living after retirement on a tax effective basis. Deferred compensation also allows executives to mitigate the negative effects of the economy after their retirement.