Today co-ops are constantly in search of top-quality talent to drive organizational success. Attracting, rewarding and retaining these important leaders requires a competitive approach to compensation. A nonqualified deferred compensation plan can be an effective, flexible and low-cost part of your co-op’s compensation strategy.
Plans can be customized to help meet specific participant and cooperative needs, including providing supplemental tax-deferred savings opportunities, restoring qualified retirement plan benefits restricted by IRS limits, and/or creating incentives for retention or performance.
Such plans are typically limited to a small “select” group of senior management or highly compensated employees. Your co-op’s tax status determines which plans may be offered.
Our Role
At Homestead Advisers, our experienced Deferred Compensation Program team can design a plan or group of plans that help meet your co-op’s particular talent management needs. Our relationship with NRECA and our Deferred Compensation team’s knowledge of the Retirement Security Plan can prove especially helpful when your goal is to replace or restore a similar benefit due to IRS limits.
Homestead Advisers provides cooperatives with turnkey deferred compensation programs for both tax-exempt and taxable organizations. Your cooperative’s deferred compensation plan is a partnership between the plan administrator (your cooperative), the consultant (Homestead Advisers) and the investment provider (Homestead Funds). The Plans are designed for investments in the Homestead Funds, which are advised by Homestead Advisers.
Homestead Advisers Deferred Compensation Client Portal
Deferred compensation plan administrators can log in to Homestead Advisers’ client portal whenever they want to view plan documents, participant balances and other plan-level information. It’s also a convenient way to send a message to your deferred compensation consultant.
Email Homestead Advisers at deferredcomp@homesteadadvisers.com if you have any questions about the portal or when you can expect to receive information to log in.
Homestead Advisers does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.
Your Deferred Compensation Consultant can assist you with the process to open the account.
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Deferred Compensation Help