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Deferred Comp - Defined Benefit

The Principal® Deferred Comp - Defined Benefit plan allows employers to provide a supplemental retirement benefit to select key employees in excess of qualified plan limitations on a pre-tax basis. It can help bridge the retirement income gap that highly compensated employees (HCEs) often face with qualified employer  retirement plans.

Employers can design the plan to provide discretionary incentive benefits to recruit, retain and reward valuable key employees.

View Employer Summary (BB9185) to review the benefits and considerations of this plan for plan sponsors and participants.


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