Employers wholeheartedly back nonqualified executive benefit plans, but aren't happy with participation levels that are too low, according to a survey from retirement services firm The Newport Group.
The survey revealed, among other things, that "employers are increasingly looking for ways to strategically use nonqualified plans to better align corporate objectives with the retirement goals of their management teams."
That's leading sponsors to pay more attention to such items as leveraging deferred compensation from a wider range of sources and satisfying participant demand for tools to help them manage their accounts.
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