More employers are jumping on the SERP bandwagon.(Supplemental Executive Retirement Plans)(Brief...

The tax code sharply limits the ability of highly compensated executives to defer compensation under a qualified retirement plan. For example, compensation in excess of $170,000 must be completely disregarded for benefit accrual purposes under qualified pension or profit-sharing plans. Under a 401(k) plan, employee contributions are limited to $10,500, even if an executive needs to save significantly more to meet retirement goals. Moreover, total employer and employee contributions under a defined contribution plan are capped at $30,000, a limit that has not increased in over 15 y