Deferred Compensation Plans: Strategies for HCE's
Deferred compensation plans are an excellent benefit for highly compensated employees, as they provide a tax-advantaged way to save for retirement. By deferring a portion of their income, employees can reduce their taxable income in the current year and potentially lower their tax burden. Over time, the deferred compensation can grow tax-free, resulting in a larger retirement income for the employee. Read strategies you can employee for deferred comp programs here.
Strategies for Highly Compensated Employees