Welcome to 401(k)ompass, a series of two-minute videos to help you manage your 401(k) more effectively by addressing current issues and challenges.
In this latest episode, Renn Williams explores how a Nonqualified Deferred Compensation Plan (NQDC) can be a powerful tool for attracting and retaining top talent. Whether you’re focused on retention or meeting specific business goals, a nonqualified plan offers multiple advantages.
Renn highlights an NQDC’s ability to selectively reward key employees without the burden of non-discrimination testing required for 401(k) plans. He also explores how these plans offer tax-deferred growth, incentivize long-term commitment and provide flexibility to customize based on performance or tenure.
Learn more in this two-minute video, and see how this strategy could be a game-changer for your company’s recruitment and retention efforts.
