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Over the past two years, the use of nonqualified deferred compensation plans for executives has shifted from a retirement plan perk beyond the workplace 401(k) to a tool in the war for talent, according to recent survey and industry experts, reports Planadvisor. Of 350 organizations that offer NQDC plans, 42% said they do so to “retain and attract executives,” up from 26% in 2020, according to a survey released this fall by Newport Group and Plansponsor.
1. FTC refunds customers for fraudulent health plans sold by Benefytt
2. Health systems consider dropping Medicare Advantage plans due to financial losses
3. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
4. MedPAC calls for 'major overhaul' of Medicare Advantage policies
5. Medicare to cover Novo Nordisk's weight-loss drug for heart patients
6. AT&T faces second lawsuit over $8 billion pension risk transfer