Deferred Compensation Plan For Small Business In Maricopa
Description
Form popularity
FAQ
A deferred compensation plan is generally an addition to a company 401(k) plan and may be offered only to a few executives and other key employees as an incentive. Generally, those employees participate in both plans.
To enroll in the Supplemental Contributions Plan, call the Plan Information Line at (800) 260-0659 or visit the CalPERS Supplemental Contributions Plan website for more information.
Throughout the year, Google provides its employees and executives with updates about their benefits ranging from health insurance and health savings plans to retirement plans like a 401(k), deferred compensation plans, and stock options.
Sole proprietorships, partnerships and limited liability companies may also receive benefits from such a plan. Although owners of these organizations won't enjoy the tax benefits of deferred compensation, the organizations can use these plans to attract and retain non-owner executives.
The Risks Of Deferred Compensation Plans The biggest downside to most of these plans is the risk of the company declaring bankruptcy. It is surprising that most, if not all, of these plans aren't in a trust that cannot be touched by creditors.