The U.S. Congress and employee benefit leaders like the American Benefits Council have worked hard to strengthen the laws and regulations that guide deferred compensation plans over the past 3 years. Today, these plans are not extra benefit perks accessible to only a few top executives. Rather they often affect thousands of workers at a company who decide to put aside more of their earned income than the $16,500 allowed in the basic retirement plans.

Experts forecast that many workers worldwide will need to draw upon more retirement income than will likely result from contributing to 401(k) accounts or retirement plans each year, if they want to maintain a similar lifestyle after retiring. Therefore, it’s not surprising that employees, ordinarily management employees at various levels, use company-sponsored deferred compensation plans to supplement their nest eggs by socking away more of their own dollars until a future date—perhaps retirement or a bit sooner.

For decades Balser has assisted its clients with both the design and ongoing administration of these supplemental deferred compensation plans, and offers experience and expertise in corporate-sponsored benefits that significantly influence executive wealth management (EWM). Global benefit plans for international employers and employees demand the knowledgeable advisors and reliable recordkeeping systems offered through Balser Companies.

Deferred compensation plans are designed in many ways, and each becomes unique when shaped by the employer’s goals and interpretation of the program, its history, level of participation, its jurisdiction, currencies, the types of eligible compensation, investment menus and rules for payouts. Balser’s open architecture allows it to configure its systems to accommodate the most complicated plans and provide the plan sponsor reporting and member account information.

Balser Companies focuses on large employers who expect the highest level of service in supporting their nonqualified deferred compensation plans and global executive benefit programmes with expert consulting and custom administrative solutions that have a positive impact on the HR professionals in charge of the plans and employee members participating around the world 24/7/365. Clients benefit from our accurate recordkeeping, dedicated participant service center and advanced technology that manages the day-to-day requirements and reporting of US-based and non US-based benefit plans with secure access, instantaneous currency exchange, multiple plan jurisdictions, varied compensation types and vesting schedules, valuation of any fund, stock or alternative investment, GMT practices and off-shore trust support.