Supplemental Executive Retirement Plans (SERP)
A Supplemental Executive Retirement Plan (SERP) is a non-qualified
retirement plan under which the employer provides an additional
retirement benefit to the employees. SERPs are generally structured
to restore lost benefits due to regulatory restrictions on compensation
used to calculate pension benefits. A SERP may be characterized as either
a non-qualified deferred contribution plan or a non-qualified deferred
benefit plan. Often, a SERP is in some fashion tied to the benefits provider
under the employers qualified retirement plan.
Deferred Compensation
A Deferred Compensation Plan (DCP) is similar to a 401(k) in that it allows
you to defer a portion of your current income on a pre-tax basis. This reduces
your current taxable income. Unlike a 401(k) plan, you are not subject to
the same limitations. Highly compensated participants are allowed to defer
salary, bonuses and commissions into a wide range of choices.
We help companies design, fund, implement
and administer deferred plans.
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