Executives strategizing retirement with SERPs on a chessboard, symbolizing personalized benefits and company retention

Understanding Supplemental Executive Retirement Plans (SERPs): Benefits, Advantages, Disadvantages and Examples

What is a SERP? A Supplemental Executive Retirement Plan (SERP) represents an additional benefit package offered by companies to top-level executives, in addition to their regular retirement plans, such as 401(k)s. Unlike qualified retirement plans, which are tax-advantaged for both the employer and employee, SERPs are non-qualified plans. This means

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