Strategic Non-Qualified Plan Design
Yesterday's problems used yesterday's solutions. Today's problems need solutions that will stand the test of time.
Strategic non-qualified plan designs are critical to the success of your company. Well designed plans can motivate, reward, recruit and retain critical talent. They comply with Code Section 409A, are efficient, effective and add to the bottom line.
Poorly designed plans are a liability and, mainly due to Code Section 409A, will continue to cause problems well into the future. They can and will most likely defeat the original purpose of the plan. In addition an inaccurate non-qualified plan provision can lead to a disqualified 401(k) plan.
A helpful note: One plan or many plans? If you have 200 participants, you actually have 200 separate plans. Code Section 409A is applied "as if a separate plan is maintained for each employee". While designing one plan that applies to 200 people can be quite challenging, it is actually beneficial when one employee's failure affects only their plan(s) and not the rest of the other separate employee plans.
We don't succeed until you succeed!
Note: Due to our effort to remain 100% independent we do not design or create funding strategies at this time.