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Reply to "My co offered me a ‘supplemental savings program’ through our 401k. It is a way to defer comp and bonus, but says it "
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[quote=Anonymous]Every deferred comp plan is different. Some are worth it and some not. Get the plan documents and read them. Things to pay attention to: distribution rules- do you have to take money out when you leave the employer, can you spread it over time, etc. if it will be forced payout when you leave, it’s probably a bad idea Investment options, fees Is it structured as a rabbi trust or fully subject to the employers creditors? All deferred compensation plans are the assets of your employer so if it goes bankrupt, the other creditors can claim the money. But some are structured as rabbi trusts that provide more protection. Is there a match?[/quote]
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