Other survey highlights include:
- Criteria used for determining NQDCP eligibility varied amongst categories, with job grade cited most often (28%), and salary and title coming in second (16.5%).
- General plan participation rates declined overall to 43.9%, but were highest (54.2%) for firms that offered both a company match and informally funded their plan liabilities.
- Of the 47 percent of companies providing a company match, most calculate according to a fixed percent, or to replace a lost 401(k) match.
- Informal funding continues to be a popular strategy for managing NQDCP asset-to-liabilities (58.9%), with companies primarily utilizing corporate-owned life insurance (44.3%) and mutual funds (40.5%).
- Rabbi trusts maintain their position as the top choice for a security vehicle, employed by 79.1% of all respondents.
- The vast majority of companies (92.9%) rely either exclusively or in part on a third-party recordkeeper to administer their NQDCPs.