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Abraham Kevin Spann, CLTC, FLMI
Personal Financial Representative
Abraham Kevin Spann & Sons Agency
64-77 Dry Harbor Road
Middle Village, NY 11379
Bus: 718-381-1400
Cell: 347-837-7095
Fax: 347-824-2394
Email: kevinspann@allstate.com
Website: agents.allstate.com/abraham-kevin-spann-middle-village-ny
Suzanne H. Nitzberg, CFP®
Personal Financial Representative
Investment Advisory Representative
July/August 2024
2023 NQDC Survey Report
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.
Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA, SIPC. Main Office: 151 N 8th Street, Suite 450, Lincoln, NE 68508. (877) 525-5727.
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