Nonqualified deferred compensation plans

Close your savings gap.

A nonqualified deferred compensation plan from Principal allows you, as a key employee, to save for retirement above and beyond qualified plan limitations and restrictions and bridge the retirement gap.

Deferred comp plans offer a tax-deferred option to supplement your existing qualified employer-sponsored plan, such as a 401(k) plan.

  • Take advantage of pre-tax deferrals, tax-deferred growth and compounded earnings.
  • Defer compensation above 401(k) or 403(b) plan limits to meet savings goals.
  • 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.

Does your employer offer a deferred comp plan? Talk to your employer to find out more.   

Feel more confident about your retirement readiness.

The Principal 2020 survey of deferred comp plan participants showed that 9 out of 10 consider their deferred compensation plans to be an important factor in reaching their retirement goals.

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

Is your deferred compensation plan administered through Principal®?

Access your account information online.

Help to bridge the retirement gap

Photo of someone saving and planning for retirement by creating a retirement plan.

5 steps to creating your retirement plan

Even if it’s a long way off, saving and planning for retirement is a good idea. We give you 5 steps to creating your retirement plan.

Man who performs regular checkups on his retirement plan to determine if his goals are still on track.

A 5-step yearly financial checkup to help you retire

Photo of a couple who have determined the ideal timing for their retirement lifestyle.

Should we retire together? 10 retirement questions to ask your spouse

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