When putting your income into NQDCP, one big concern is

"This plan is an unfunded, nonqualified plan, and no funded account has been established for you. Any account is only a recordkeeping account that records your deferred compensation and any notional earnings applicable to your deferred compensation. In the event of a bankruptcy or insolvency, you would be an unsecured, general creditor of the employer or service recipient."

 

Just copied this short portion from the brochure sent to me in email by our company asking to enroll into the next year plan.

 

 

 

所有跟帖： 

• Key Benefits: -HenryLi- ♂ (556 bytes) () 11/21/2024 postreply 11:02:50

• to save for the future, above and beyond the limits in place -HenryLi- ♂ (404 bytes) () 11/21/2024 postreply 11:06:06

• is offered exclusively to a select group of -HenryLi- ♂ (177 bytes) () 11/21/2024 postreply 11:08:15

• In Kodak's case: -HenryLi- ♂ (1976 bytes) () 11/21/2024 postreply 11:45:50

• It’s a plan to defer your income taxes. -錘子哥- ♂ (384 bytes) () 11/21/2024 postreply 19:11:20

• Very informative, thanks -meowi- ♀ (0 bytes) () 11/21/2024 postreply 23:45:41