Nonqualified deferred compensation

Offering competitive benefits for key employees is important to the success of an organization—and making a nonqualified deferred compensation plan available can help employers recruit, reward, retain, and retire top employees.

Working with a leader.

As the No. 1 provider for nonqualified deferred compensation (409A) clients, Principal^® offers experience and expertise in implementation and administration of deferred comp plans.

Our deferred comp platform features:

• Innovative plan design and consulting. We customize plans for organizations of all sizes, aligning solutions with both company goals and key employee needs.
• Multiple funding options. Our tax, actuarial, and legislative professionals can help design a plan that aligns with the organization’s asset and tax strategy. Financing options include corporate-owned life insurance (COLI), taxable investments, company cash, or dual-financing (combination of taxable investments and COLI).
• Efficient plan onboarding. A dedicated client-onboarding manager creates a tailored action plan including a timeline, plan design analysis, and investment mapping, along with an education strategy for new participants.
• Dedicated plan administrative services. We work with plan sponsors to manage and maintain their plans, ensuring they evolve with organization needs. Through comprehensive tools and resources, we support everything from enrollment to benefit payments. We also help participants understand their plan’s value through engaging tools and clear communications.