Most employers are willing to establish supplemental, non-qualified retirement plans to help highly compensated employees cope with the $150,000 salary cap set by Congress, a survey shows.
The survey, by Buck Consultants, New York, gauged employer compliance with the Omnibus Budget Reconciliation Act of 1993's salary caps. It also showed only 8% of companies will attempt to make up any loss in deferral rates with cash payments or other forms of compensation as a result of the new salary limit.
