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NonQualified
Benefit Plan Examples Current IRS and ERISA regulations place strict
guidelines on employer-sponsored qualified benefit plans. These
guidelines can severely discriminate against key executives by limiting
their retirement benefits. Most employees typically receive retirement
benefits from Social Security and employer-sponsored qualified plans
in excess of 70-80% of their final salary. Many times, however,
highly compensated key employees receive significantly lower retirement
benefits equaling only 10-30% of their final salary. Do you know
what percentage of your final salary you will continue to receive
after you retire? If not, you and your colleagues may have to prepare
for drastic lifestyle changes post-retirement.
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