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SAMPLE DOCUMENT SERP (SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN) INFORMALLY FUNDED WITH LIFE INSURANCE Nonqualified defined contribution plan with no reduction in compensation; contributions from employer
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Who needs supplemental executive retirement plan?
01
Senior executives and key employees who are looking to supplement their retirement savings and receive additional benefits in retirement may benefit from a supplemental executive retirement plan.
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What is supplemental executive retirement plan?
A supplemental executive retirement plan (SERP) is a retirement plan for top executives that provides additional benefits beyond those of a company's standard retirement plan.
Who is required to file supplemental executive retirement plan?
Top executives and key employees of a company are required to file supplemental executive retirement plans.
How to fill out supplemental executive retirement plan?
Supplemental executive retirement plans can be filled out by providing detailed information about the executive's compensation, retirement benefits, and other relevant details.
What is the purpose of supplemental executive retirement plan?
The purpose of a supplemental executive retirement plan is to provide additional retirement benefits to top executives and key employees of a company.
What information must be reported on supplemental executive retirement plan?
Information such as the executive's compensation, retirement benefits, and other relevant details must be reported on a supplemental executive retirement plan.
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