Filed Under:Life Insurance, Life Planning Strategies

Executives eyeing bigger contributions to NQDC plans

Over half of survey respondents expect to maintain current contribution levels, while 37 percent plan to increase deferrals.
Over half of survey respondents expect to maintain current contribution levels, while 37 percent plan to increase deferrals.

Relative to 2012, more executives participating last year in non-qualified deferred compensation plans say they intend to increase their deferrals in such plans. Among the reasons for the planned increases: an ability to defer more and expected increases in income tax rates.

So reports Principal Financial Group in a new survey, “2013 Trends in Nonqualified Deferred Compensation.” The mid-year 2014 report polled 266 non-qualified deferred compensation (NQDC) plan participants who have a plan balance of at least $10,000, are 35-plus years old, have an individual income of $115,000 or more, hold an executive job title and are not working for a government agency, school district, community hospital or public university.

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Nichole Morford

Nichole Morford
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