Filed Under:Markets, Employee Benefits

More than 8 in 10 Fortune 1000 Firms Offer an NQDC Plan

More than 8 in 10 Fortune 1000 businesses offer a non-qualified deferred compensation plan to their key executives, a new survey discloses.

The Newport Group, Heathrow, Fla., released this finding in a summary of results from its 2012 edition of “Executive Benefits: A Survey of Current Trends.” The report tracks issues and outlooks regarding the rewards programs of Fortune 1000 firms.

This year’s report includes supplemental data regarding trends in executive benefits, as reflected in the public filings of Fortune 500 public companies in 2010. The research was compiled in collaboration with Main Data Group, a research and consulting company and a source of executive benefit and total reward information.

The survey reveals that 83% of Fortune 1000 firms report offering a non-qualified deferred compensation (NQDC) plan to key employees. The survey also notes that the prevalence of these plans in the large corporate marketplace “remains stable in spite of the recent economic downturn.”

Among the report’s key findings:

● 75% of respondents report funding their NQDC plans.

● 61% of respondents administer their NQDC plans through a third party.

● 51% of responding companies report having defined benefit (DB) supplemental executive retirement plans or SERPs.

● 47% of respondents report their eligible employees elect to participate in their plan. Newport notes that participation has returned to previous levels despite a brief decline reflecting the market turmoil of recent years.

Top Sales and Marketing Ideas - 2014

Special Feature

2014 100 Best Sales & Marketing Ideas

There are a million ways to sell an insurance product, and any one of them may work depending on your target market, your product lineup and your own unique skill set.

Explore Now
More Resources

Comments

Advertisement. Closing in 15 seconds.