Beyer-Barber Company - Employee Benefit and Actuarial Consultants

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non-qualified plans

Beyer-Barber Company - Non-Qualified Plans

A non-qualified plan is an arrangement that provides deferred compensation for a select group of management or highly compensated employees. A properly designed plan can discriminate in favor of the highly compensated employees to the exclusion of the rank and file. Also, non-qualified plans are not subject to the restrictive vesting, funding and contribution levels that exist in qualified plans.

We offer the following Non-qualified plan record keeping services:

  • Maintenance of census data
  • Calculation of amounts standing to each participant's credit
  • Allocation of contribution credits to participants' accounts
  • Allocation of investment credits to participants' accounts
  • Calculation of payment amounts
  • Preparation of administrative report showing the amounts standing to each participantís credit
  • Preparation of individual participant statements



 

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