Retirement, Investments, & Insurance for Individuals Invest & Retire Retirement plans Nonqualified deferred compensation plans

Nonqualified deferred compensation plans

Close your savings gap.

A nonqualified deferred compensation plan from Principal allows you, a key employee, to save for retirement on a pre-tax basis to supplement your existing qualified employer-sponsored plan, such as a 401(k).

  • Take advantage of pre-tax deferrals, tax-deferred growth, and compounded earnings.
  • Save above 401(k) or 403(b) plan limits to build your nest egg.
  • Design a personalized investment strategy.
  • Enjoy flexibility and take payouts from the plan without the same age restrictions as 401(k) or 403(b) plans.

Do you have access to a deferred compensation plan? Talk to your employer to find out more.

Nonqualified Deferred Compensation Planner

Use this planner to estimate the right deferral percentage to meet your income goals.

Feel more confident about your retirement readiness.

The Principal 2021 survey of deferred compensation plan participants showed that 8 out of 10 consider their deferred compensation plans to be an important factor in reaching their retirement goals.1

And with Principal, you can feel secure that your plan is managed by the No. 1 provider of nonqualified deferred comp plans.2

1 Principal 2021 Nonqualified Plan Participant Customer Satisfaction Report

2 Based on total number of nonqualified deferred compensation plans (excluding 457 plans), PLANSPONSOR 2019 NQDC Recordkeeping Survey, May 2022.

Insurance products issued by Principal National Life Insurance Co. (except in NY) and Principal Life Insurance Co. Plan administrative services provided by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities. Inc., member SIPC, and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA S0392.