Nonqualified Deferred Compensation Plans

A nonqualified deferred compensation (NQDC) plan is an arrangement between an employer and an employee to pay the employee compensation some time in the future. The plan may be structured as an account for the employee, or may provide for specified benefits to be paid to the employee. The intent is to defer compensation to later years, when the employee expects to be in a lower tax bracket.

Plan design is critical. Goldleaf Partners helps design your plan, manages the details, and keeps your plan compliant.

Plan Advantages:

• Offer executive employees additional retirement benefits that cannot be achieved through qualified plans.
• Can be an effective retention or incentive tool.