Nonqualified Plans for Retirement Income
Are you aware that many higher paid executives may face a retirement gap? If they rely solely on Social Security and qualified plans, they may not have an adequate retirement income. By offering select key employees valuable protection and retirement benefits, you can tie them to your business and help secure their financial futures.
Working with your financial professional, our retirement income gap calculator can help identify whether a retirement income gap exists for:
- Top executives/management
- Sales leaders
- Business owners
- Highly compensated employees
Then, to address any gap, the Principal Financial Group® can help you identify and implement an employer or key employee benefit strategy to help meet your specific needs.
Nonqualified deferred compensation plans are at the core of our executive benefits platform. These plans are unfunded contractual obligations of the employer to the plan participant. They are only available to "Top Hat" selected highly compensated or management employees. For more information on these plans, view a short educational video (5:50).
We have worked with thousands of employers and executives on their nonqualified deferred compensation plans. In fact, the Principal Financial Group® is a leading provider of deferred compensation plans.
We make it easier for employers to offer these plans by providing everything needed in one place – plan design, financing options, implementation and administrative services. And, as one source, we deliver a consistent level of service employers should expect.
Which solution works for you?
The Principal® works to design solutions that meet the specific needs and objectives of your business. Use the links to the right to find out more about how a deferred compensation plan could benefit your business - whether you currently have a plan, or are just thinking about one.
Once you decide to take advantage of the retirement expertise of The Principal®, you'll see that we offer plans specifically designed for select business entity types.
Use the links to the left to first select your business entity type and then see which specific solutions are available to you.
Get an edge from our retirement expertise
- A retirement leader with more than 65 years of retirement experience
- Leading provider of deferred compensation plans 
- Provider of administrative services for over 4,000 clients representing nearly 56,000 participants , through our nonqualified executive benefits platform