Enhanced Principal® Deferred Compensation – Select Reward

Help businesses attract and retain top talent. Principal Deferred Comp – Select Reward plans are nonqualified plans that offer benefits for employers and the key employees they select to participate. The plan provides the participating employees with additional benefits to help supplement their other retirement income sources, such as qualified plans, and can encourage the employees to stay for the long term.

We’re excited to announce a new, flexible plan design for Select Reward that offers the option for your business owner clients to define the reward bonus to employees in either of two ways:

• A specified lump sum
• A future benefit based on the cash value of the life insurance policy used to informally finance the plan

We’ll help you every step of the way with a comprehensive suite of marketing materials to use with either for-profit or tax-exempt organizations. And you have access to our Business and Advanced Solutions team of experts to support your plan design and implementation efforts.