Nonqualified executive deferred compensation programs represent a significant asset gathering opportunity for financial institutions selling into the retirement plans markets. When implemented with a 401(k) plan, voluntary nonqualified deferred compensation plans and employer-paid supplemental plans can increase the total assets under management significantly and help sell the qualified plan. 79% of plan sponsors currently use the same record-keeper for both types of retirement plans.
Infosys McCamish supports marketing, plan design, documentation, enrollment and administration for the most sophisticated plans using our web-based platforms and expert back office services. The system maintains the maximum plan design flexibility within required IRC Section 409A compliance.
Infosys McCamish can also provide all the necessary services in support of a qualified plan record-keeping administration capability on a pure non-platform BPO basis.
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