Close your savings gap.
A nonqualified deferred compensation plan from Principal allows you, a key employee, to save for retirement on a pre-tax basis to supplement your existing qualified employer-sponsored plan, such as a 401(k).
- Take advantage of pre-tax deferrals, tax-deferred growth, and compounded earnings.
- Save above 401(k) or 403(b) plan limits to build your nest egg.
- Design a personalized investment strategy.
- Enjoy flexibility and take payouts from the plan without the same age restrictions as 401(k) or 403(b) plans.
Do you have access to a deferred compensation plan? Talk to your employer to find out more.
Nonqualified Deferred Compensation Planner
Use this planner to estimate the right deferral percentage to meet your income goals.
Feel more confident about your retirement readiness.
Research shows that 8 out of 10 participants consider their deferred compensation plans to be an important factor in reaching their retirement goals.1
And with Principal, you can feel secure that your plan is managed by the No. 1 provider of nonqualified deferred comp plans.2
1 The 2023 Principal Trends in Nonqualified Deferred Compensation report, an online survey of 125 NQDC plan sponsors and 1,089 plan participants conducted between June 5-23 and Sept. 5-25, 2023.
2 Based on number of NQDC plans (excluding 457 plans), PLANSPONSOR Defined Contribution Recordkeeping Survey, July 2023.
Insurance products issued by Principal National Life Insurance Company (except in NY) and Principal Life Insurance Company®. Plan administrative services provided through Principal Life Insurance Company. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC, and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.
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