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Frequently Asked Question
Why do companies set up nonqualified deferred compensation plans?

There can be many reasons, which may include helping you save for retirement. In addition, your company can use the nonqualified plan to recruit, retain, and motivate executives and other skilled employees…

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More FAQs
What other factors should I consider before I participate? For example, if my income tax rates will be higher or lower in the future, does it make sense to defer my income?
What makes an NQDC plan attractive?
How does NQDC fit with my other company benefits?
Why do companies set up nonqualified deferred compensation plans?
Can I put more away with a nonqualified deferred compensation plan than with a 401(k) plan? What are the limits?
What is nonqualified deferred compensation? What are its benefits to me?

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