For a detailed comparison of nonqualified deferred compensation plan types, click here.
Top Hat Plan
Allows a select group of management or highly compensated employees and/or directors to defer additional compensation to supplement benefits from qualified retirement plans. May also be used to provide additional compensation to employees if specific performance goals are met within a predetermined time period.
Allows co-ops to provide additional retirement benefits to a select group of executives who may have their pension benefits limited because of IRS restrictions on qualified retirement plans.
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