Happy Unsecured Creditor Day!

[Mark Whitelaw]

As we celebrate the start of the December annual election period for 409A unsecured nonqualified deferred compensation plans, we want to pause and ask ourselves:

HCE Class Employee – In light of external secure lifelong plan alternatives available today to all 401(k) HCE’s, does it really make sense to risk your paychecks in an unsecured 409A benefit plan with your current employer?

Employer - – In light of external secure lifelong plan alternatives available today to all HCE Class employees, does sponsoring an unsecured 409A elective deferral benefit plan to a restricted group of HCE’s reinforce the corporate culture you want to communicate to your employees and the world today?