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Nate Obringer, RICP®

Financial Advisor

 

Prudential Advisors

9800B McKnight Road, Suite 223

Pittsburgh, PA 15237

 

Phone:  412-318-4129

Fax:        877-840-2322

 

Email: nate.obringer@prudential.com

Website: www.prudential.com/advisor/nathan-obringer

July/August 2024

2023 NQDC Survey Report

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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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