Deferred Compensation Plans Overview
Attracting and retaining key executives who drive your co-op’s operational effectiveness and bottom-line success requires a competitive approach to compensation. Take a closer look at Homestead’s Deferred Compensation Plans Available to Tax-Exempt Co-ops.
For a detailed comparison of nonqualified deferred compensation plan types, click here.
Below you will find resources for co-ops that file a Form 990.
Executive Compensation 457(b) Plan
Allows co-ops to provide additional savings options for a select group of executives.
Executive Benefit Restoration Plan
Allows co-ops to provide additional retirement benefits to a select group of executives who may have their pension benefits limited because of IRS restrictions on qualified retirement plans.
Performance Incentive 457(f) Plan
Allows co-ops to provide supplemental compensation to employees if specific performance goals are met within a predetermined time period.