Supplemental Executive Retirement Plan
If you want to recruit, reward or retain your top people, watch this short video to learn why deferred compensation plans are so popular.
A SERP is a type of non-qualified deferred compensation plan that a firm can provide to certain management personnel or highly compensated employees (HCEs) to supplement the retirement benefits it offers under qualified retirement plans.
The "non-qualified" nature of a SERP means that it functions outside the rules of IRS qualified plans such as 401(k) plans.
