Sinking 401k values are a large concern to key executives … and the companies seeking to hold on to their valuable people. Many are turning to nonqualified deferred compensation plans to offer alternative routes for retirement saving, even if the tax benefits are not as large. From Plansponsor:
Nine out of ten companies continue to offer an NQDCP, and over 80% indicate that their most important reason for doing so is to provide a vehicle for accumulating assets that can generate adequate retirement income. To this end, significantly more employers are offering financial planning services to help their executives maximize their nonqualified benefit opportunities and create sound investment strategies.
(PLANSPONSOR Executive Benefits Survey )