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What Is Deferred Compensation?
Deferred compensation is an employer-provided,
non-qualified plan maintained primarily to provide meaningful
retirement benefits
for top executives.
Deferred compensation is a way for an employer to offer special
benefits to select
executives without the IRS and ERISA limitations imposed on
qualified plans. With all of the restrictions placed on qualified
plans,
non- qualified plans such as deferred compensation are the
way of the future for highly compensated executives.
A deferred compensation plan is also cost-effective, because
the company ordinarily will recover all costs involved.
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