Are You Educated—or Educating—About NQDC?

A recent survey by the Plan Sponsor Council of America found increased participation in, and expanded education for, non-qualified plans. 

In fact, more than 70% of organizations now provide NQDC-specific plan education to eligible employees, and nearly 40% of organizations provide investment advice regarding their NQDC plan, according to the Plan Sponsor Council of America’s 2021 Non-Qualified Plan Survey.

Two-thirds of eligible employees participate in their organization’s NQDC plan, up from about half in the 2019 survey—and they’re deferring an average of 10% of base pay.

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* 1. Do you currently work with non-qualified deferred compensation (NQDC) plans?

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* 2. If you do work with NQDC plans, how long have you worked with them?

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* 3. If you don't work with NQDC plans, why not (check all that apply)?

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* 4. If you work with NQDC plans, what is the most common area of confusion/misunderstanding?

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* 5. What got you started working with/thinking about NQDC plans?

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* 6. OK, last question; how're you doing (check all that apply today)?

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* 7. Other comments about nonqualified deferred comp plans, working with NQDC, NOT working with NQDC, concerns about working with NQDC, concerns about NOT working with NQDC, or life in general?

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* 8. What is your role working with retirement plans?

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* 9. What size plans do you PRIMARILY work with?

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* 10. Suggestions for future survey questions?  Seriously - what would you like to know about/from your fellow NAPA-Net readers?  Or what would you like to be asked?

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* 11. All responses are confidential, of course - but just in case you would like a response - or want me to know you responded - or just want to say hi - here's your chance to do so (don't forget your email)!

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