Nonqualified deferred compensation (NQDC) plans
Executive benefits and savings for key employees
Executives and key employees are valuable to your organization — and the benefits compensation package you offer should reflect their value. In fact, 89% of employers offer NQDC plans to stay competitive with benefits packages.1
NQDC solutions to help fit your business
Voya offers a comprehensive nonqualified retirement plan experience that can help simplify everything from plan design to ongoing administration. With more than 50 years of specialized knowledge, Voya offers solutions to fit every segment of the marketplace.
Key benefits and features of Voya’s NQDC plan solutions
NQDC plans can help employees reach their target retirement income
Qualified retirement plan savings and social security may only provide a portion of a higher earner’s target retirement income, because of maximum limitations on those plans. Nonqualified deferred compensation plans can help close the gap.*
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Resources for employers
Related solutions
* The above hypothetical scenario is for illustrative purposes only and assumes a 90% income replacement in retirement for key executives contributing the maximum amount to the qualified plan and supplementing the remaining income with nonqualified plan contributions and social security income. This scenario is not guaranteed and does not reflect any specific product. Investments are subject to investment risk including the possible loss of principal. The investment return and principal value of the security will fluctuate so that when redeemed, may be worth more of less than the original investment. In addition, these figures do not reflect taxes or any fees, expenses or charges of any investment product. Taxes are generally due upon withdrawal of tax-deferred assets and early withdrawal penalties may apply to withdrawals taken prior to age 59 1/2.
1 Small and Medium Businesses Driving NQDC Plan Growth. December 2022.
Neither Voya® nor its affiliated companies or representatives provide tax or legal advice. Please consult a tax adviser or attorney before making a tax-related investment/insurance decision.
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