Jodie Smith photo
Southeast Financial Wealth Management logo

Jodie M. Smith

Financial Advisor

 

Southeast Financial Wealth Management

5110 Maryland Way, Suite 100

Brentwood, TN 37027

 

Phone:    615-371-3737

Fax:        615-377-0090

TollFree: 800-521-9653, ext. 2321

 

Email: jodie.smith@southeastfinancial.org

July/August 2024

2023 NQDC Survey Report

Survey Vector Illustration Set. People Giving Feedback, Choosing Answer, Making Decision and Research. Collection of Online Survey, Customer Review, Voting, Checklist, Client Feedback for Web Design

Here are some of the key findings from the 2023 survey of non-qualified defined contribution (NQDC) plan sponsors.


  • 80% of respondents stated they offer a NQDC plan to make their benefits package more competitive when recruiting key employees.

  • 63% of eligible employees participate in the NQDC plan, deferring an average of 10% of base pay and 30% of bonus pay.

  • 75% of employers make contributions to the NQDC plan—most commonly a “restoration match” (48.4% of plans), designed to fill the gap from the match excluded from the 401(k) plan due to IRS limits.

559924-6


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Jodie Smith is a financial advisor with, and securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Southeast Financial Credit Union and Southeast Financial Wealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Southeast Financial Wealth Management, and may also be employees of Southeast Financial Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, Southeast Financial Credit Union or Southeast Financial Wealth Management. Securities and insurance offered through LPL or its affiliates are:

Disclosure
This publication is not intended as legal or tax advice. All individuals, including those involved in the estate planning process, are advised to meet with their tax and legal professionals. The individual sponsor of this newsletter will work with your tax and legal advisors to help select appropriate product solutions. We do not endorse or guarantee the content or services of any website mentioned in this newsletter. We encourage you to review the privacy policy of each website you visit. Limitations, restrictions and other rules and regulations apply to many of the financial and insurance products and concepts presented in this newsletter, and they may differ according to individual situations. The publisher and sponsor do not assume liability for financial decisions based on the newsletter’s contents.
The sender and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.