
What Are Deferred Compensation Plans?
Let’s say you are the owner or President of a Fortune 500 company, or other corporation that operates with a large amount of capital in a highly-competitive industry. You have a team of highly-compensated IT executives who provide the blanket security for your entire enterprise, and are largely responsible for keeping in check the sanctity of your network, and keeping you near the top or at the top of your niche. The issue is, if this select group of employees are so very good at their jobs, and your industry is really competitive, then you may not be able to retain them very easily with a selection of insurance or investment vehicles available to the general workforce.