Is There a New Focus for Non-Qualified Deferred Compensation Plans?

An industry-leading benchmark study of non-qualified deferred compensation (NQDC) plans finds that, while recruitment and retention continue to be the top goal for offering NQDC plans, other reasons for doing so are rising quickly in the ranks.

Though these plans are still primarily used to differentiate the compensation package for top talent, plan sponsors are showing an increased focus on education and retirement readiness, according to the Plan Sponsor Council of America’s (PSCA) 2023 NQDC Plan Survey.  READ MORE