The Standard website requires Adobe Flash Player (Version 8 or higher). Flash player is a free and fast download available by clicking the Flash logo below.
If you already have Adobe Flash Player version X or higher click here.
A Valuable Retirement Tool for Senior Executives
Behind every successful company, you’ll find successful leaders. Attracting the most qualified executives — and retaining them once they’re on board — usually requires an attractive benefits package.
Nonqualified deferred compensation plans have exploded in popularity as companies sought ways to help senior executives and highly compensated employees save more for retirement than they can through qualified plans.
Deferred compensation arrangements consist of an agreement between an employer and an employee that payments due for current services will be made at an identified future date, usually termination of service or retirement. Eligibility is generally restricted to a select group of management or highly-compensated employees. When the employee actually receives the payments from the plan, they are taxed as ordinary income. The defined compensation is not deductible by the employer until it is paid to the employee.
The objective of the employee is to defer taxes on the compensation, including any increase in the value of the amount deferred, until the payments are actually received. For the employer, benefits include the potential for a positive cash flow because of the delayed compensation, as well as the loyalty of the employee who wants to stay until his or her payment date.
Nonqualified plans do not offer the same tax advantages as qualified plans, but they’re also not subject to the qualified plan limitations.
The Standard offers Nonqualified Deferred Compensation plans through custodial accounts with mutual funds, and through The Standard’s Group Variable Annuity Contract.
View investment options and performance of The Standard Group Variable Annuity Contract.
A Valuable Retirement Tool for Senior Executives
Behind every successful company, you’ll find successful leaders. Attracting the most qualified executives — and retaining them once they’re on board — usually requires an attractive benefits package.
Nonqualified deferred compensation plans have exploded in popularity as companies sought ways to help senior executives and highly compensated employees save more for retirement than they can through qualified plans.
Deferred compensation arrangements consist of an agreement between an employer and an employee that payments due for current services will be made at an identified future date, usually termination of service or retirement. Eligibility is generally restricted to a select group of management or highly-compensated employees. When the employee actually receives the payments from the plan, they are taxed as ordinary income. The defined compensation is not deductible by the employer until it is paid to the employee.
The objective of the employee is to defer taxes on the compensation, including any increase in the value of the amount deferred, until the payments are actually received. For the employer, benefits include the potential for a positive cash flow because of the delayed compensation, as well as the loyalty of the employee who wants to stay until his or her payment date.
Nonqualified plans do not offer the same tax advantages as qualified plans, but they’re also not subject to the qualified plan limitations.
The Standard offers Nonqualified Deferred Compensation plans through custodial accounts with mutual funds, and through The Standard’s Group Variable Annuity Contract.
View investment options and performance of The Standard Group Variable Annuity Contract.
