J. J. Keller® Compliance Network Logo
Start Experiencing Compliance Network for Free!
Update to Professional Trial!

Be Part of the Ultimate Safety & Compliance Community

Trending news, knowledge-building content, and more – all personalized to you!

Already have an account?
LOG IN
FREE TRIAL UPGRADE!
Thank you for investing in EnvironmentalHazmat related content. Click 'UPGRADE' to continue.
CANCEL
YOU'RE ALL SET!
Enjoy your limited-time access to the Compliance Network!
A confirmation welcome email has been sent to your email address from ComplianceNetwork@t.jjkellercompliancenetwork.com. Please check your spam/junk folder if you can't find it in your inbox.
YOU'RE ALL SET!
Thank you for your interest in EnvironmentalHazmat related content.
WHOOPS!
You've reached your limit of free access, if you'd like more info, please contact us at 800-327-6868.
CLOSE
 
:
 
InstituteCompensationAssociate Benefits & CompensationExecutive CompensationCompensationUSAHuman ResourcesEnglishAnalysisFocus AreaIn Depth (Level 3)

Supplemental pension plan

['Compensation']
Supplemental pension plan
  • Organizations may offer SERPs to management or highly compensated employees.

For a select group of management or highly compensated employees, an unqualified pension plan or a Supplemental Employee Retirement Plan (SERP) may be offered in addition to the qualified pension plan. The compensation limits are not governed by the maximum Internal Revenue Service (IRS) limitations as under a qualified plan. Therefore, the employee can take advantage of the unlimited benefits earned under this plan. There are no tax benefits associated with this type of nonqualified pension plan.

:
compensation
compensation
FOUNDATIONAL LEARNING
Supplemental pension plan
  • Organizations may offer SERPs to management or highly compensated employees.

For a select group of management or highly compensated employees, an unqualified pension plan or a Supplemental Employee Retirement Plan (SERP) may be offered in addition to the qualified pension plan. The compensation limits are not governed by the maximum Internal Revenue Service (IRS) limitations as under a qualified plan. Therefore, the employee can take advantage of the unlimited benefits earned under this plan. There are no tax benefits associated with this type of nonqualified pension plan.

RELATED TOPICS

['Recordkeeping']
['Workplace Violence']
['Policies and Procedures']
['Disabilities and ADA']
['Contingent Workforce', 'Independent Contractors', 'Temporary Employees']
['Recruiting and hiring']
['Wage and Hour']
['Privacy and Data Security']
['Family and Medical Leave Act (FMLA)']
['Drug and Alcohol Testing']