Most energy and utility companies sponsor non-qualified deferred compensation plans for their executives, according to Clark Consulting L.L.C.

Clark, Dallas, says 90% of the energy and utility companies it surveyed said they sponsor a non-qualified deferred compensation plan, or NQDC plan, for top management, and 75% said they sponsor a supplemental executive retirement plan, or SERP plan.

Just over three-quarters of respondents says they informally funding NQDC plans, versus 57% of companies that informally fund SERPs.

Corporate-owned life insurance and trust-owned life insurance are the most commonly reported informal funding vehicles for both plans. Two-thirds of the sponsors use COLI/TOLI in NQDC plans, and 63% use COLI/TOLI in SERPs.

Clark also found that respondents prefer exclusive third-party or combined in-house and third-party administration, especially for NQDC plans: 7 in 10 SERP plans are administered by third-parties or through combined arrangements. None is administered exclusively in-house.