Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Retirement Planning > Retirement Investing

Clark Survey: NQDC Plans Remain Widespread Among Retailers

By Warren S. Hersch

X
Your article was successfully shared with the contacts you provided.

Most substantial retailers are continuing to offer nonqualified executive benefit programs.

Clark Consulting L.L.C., Dallas, comes to that conclusion in a summary of results from a wide variety of U.S. employers, including retailers.

Clark looked at use of nonqualified deferred compensation plans and supplemental executive retirement plans. About 90% of the retailers participating in the survey said they sponsor NQDC plans, and about 60% sponsor SERPs. Another 10% are “currently considering” offering a SERP plan.

One aspect of NQDC and SERP administration that Clark studied was access to the plans. Clark found, for example, that about 78% of the NQDC sponsors base eligibility entirely on position level.

At 86% of those companies, presidents, chief executive officers, executive vice presidents, senior vice presidents and vice presidents are eligible. Only 71% of division managers and just 43% of highly compensated sales personnel are eligible.

At employers that have SERPs and determine SERP eligibility by position level, 71% make SERPs available to presidents, CEOs and executive vice presidents, and 57% make SERPs available to senior vice presidents and vice presidents. About 29% said they have “other” position-based criteria for determining SERP eligibility.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.