Plan Resources for Taxable Co-ops

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 Taxable 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 1120.

Top Hat Plan

Allows select group of management or highly compensated employees and/or directors to defer additional compensation to supplement benefits from qualified retirement plans. May also be used to provide additional compensation to employees if specific performance goals are met within a predetermined time period.

See the Top Hat Plan for Taxable Employers Checklist.

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. 

See the Executive Benefit Restoration Plan Checklist.