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.
The Principal Financial Group® has developed a complete range of employer and key employee benefit strategies that you can make available to:
- Top executives/management
- Sales leaders
- Business owners
- Highly compensated employees
Deferred compensation
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.
We have worked with thousands of employers and executives on their nonqualified deferred compensation plans. In fact, the Principal Financial Group® is the #1 deferred compensation plan service provider[1].
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. We also offer plans specifically designed for select business entity types.
Use the links at left to first select your business entity type and then see which specific solutions are available to you.
