The recession has reduced the penetration rate for non-qualified deferred compensation plans, but the plans continue to be popular, a consulting firm says.
Clark Consulting, Inc., Dallas, has included statistics on the NQDC market in a summary of results from its latest biennial executive benefits survey. About 110 Fortune 1000 employers participated in the mail-in survey.
In 2007, 95% of the employers that participated in the previous Clark executive benefits survey had NQDC plans. Prevalence has fallen to 85% this year but remains high, Clark says.
Roughly two-thirds of the participants said they have supplemental executive retirement plans, and the percentage with SERPs is about the same as in 2007, Clark says.