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Sales SamplesTEST
Financial Advisor
YOUR COMPANY
236 Broadway
Menands, NY 12204
Phone: 800-243-5334
Fax: 800-720-0780
Email: sales@ltmclientmarketing.com
Website: www.letstalkmoney.com
July/August 2024
2023 NQDC Survey Report
Here are some of the key findings from the 2023 survey of non-qualified defined contribution (NQDC) plan sponsors.
- 80% of respondents stated they offer a NQDC plan to make their benefits package more competitive when recruiting key employees.
- 63% of eligible employees participate in the NQDC plan, deferring an average of 10% of base pay and 30% of bonus pay.
- 75% of employers make contributions to the NQDC plan—most commonly a “restoration match” (48.4% of plans), designed to fill the gap from the match excluded from the 401(k) plan due to IRS limits.
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