401K Excess Plans
A 401(K) Excess Plan enables highly paid executives to defer amounts in excess of the deferral limitations set forth in a typical qualified 401(K) plan.
For a select group of highly paid executives, the 401(K) Excess plan can be an instrumental tool to help recruit and retain the best executive talent.
A properly designed 401(K) Excess Plan:
- Maximizes Savings opportunities
- Attracts and retains top talent
- Is not limited to ERISA regulations
- Motivates executives to accomplish goals and achieve success for the organization