More than nine in 10 companies now offer nonqualified deferred compensation plans to their key executives, new research shows.
MullinTBG, a Prudential Financial, Inc. company (NYSE: PRU), discloses this finding in the seventh annual MullinTBG/PlanSponsor Executive Benefits Survey. An El Segundo, Calif.-based company, MullinTBG is a provider nonqualified executive benefits, with 820 customized plans.
The report reveals that 91 percent of businesses offer nonqualified deferred compensation plans. And more than half of firms (52.7 percent) state they offer financial planning benefits, compared to 34 percent in 2009.