Revisiting Supplemental Executive Retirement Plans after the Tax Law Change (Journal Article)

Businesses derive no immediate tax benefit from nonqualified-benefit funding. However, after-tax funding of these benefits could be less costly under the new tax scheme. Further, utilization of creative benefit designs with more meaningful balancing of corporate and executive interests and a fundamental awareness of the limitations of who may be included in “top-hat” groups helps ensure that financial service professionals who embark on a journey of increased proficiency in this rewarding field are likely to find it a satisfying pursuit.

Author: Douglas B. Richards, JD, MBA, CLU, ChFC, is senior advanced markets consultant at LPL Financial in Fort Mill, South Carolina.