As a growing number of executives work well past traditional retirement age, 68% of surveyed benefits decisionmakers said they have offered nonqualified deferred compensation plans to retain executives, according to a recent report from retirement plan consultancy NFP Corp.
NFP, whose wealth business was recently acquired by Madison Dearborn Partners, found that 85% of surveyed executives said they could not afford to lose their best talent, and more than 90% of respondents said comprehensive executive benefits retain and attract talent. However, 20% of executives surveyed said economic uncertainty would impact the amount or kind of executive benefits that they offer. READ MORE