Wells Fargo offers nonqualified plan services to help you reward and retain your key employees. We offer a broad array of nonqualified arrangements that allow your employees to defer taxes on investments—and help you strengthen ties between your employees and your company. Our products and services include:
Professional plan design and consulting
Our benefits consulting professionals can help you design a plan that meets your needs by defining key parameters such as participant eligibility, eligible compensation, plan contributions, benefit payout events, earnings crediting alternatives, and benefits protection strategies such as Rabbi trusts.
Comprehensive administrative and trustee services
Nonqualified plans require extensive administrative and fiduciary support. Our comprehensive administrative services include daily fund valuation, quarterly participant statements, plan sponsor reports, and access to information online or by phone. As trustee, we provide trust administration, fiduciary support, trust tax reporting, and benefit distributions.
Flexible financing options
We offer a wide selection of financing alternatives for your nonqualified plan. We have also established relationships with leading life insurance carriers to offer corporate-owned life insurance, an attractive plan financing approach. And we provide thorough financing analysis, including asset/liability, cash flow, and earnings projections, to help you determine the best financing structure for your needs.
The key to a successful nonqualified program is effective participant communications. Our participant education and communications programs receive national recognition for creativity and effectiveness, including awards from Pensions & Investments and commendations for excellence from the Profit Sharing/401k Council of America (PSCA). Our communications professionals can craft materials about your nonqualified plan specifically for an executive audience.
To speak with a Wells Fargo Institutional Retirement and Trust representative, please call 1-800-887-1562, or contact us.
Recordkeeping, trustee, and/or custody services are provided by Wells Fargo Institutional Retirement and Trust, a business unit of Wells Fargo Bank, N.A. This information and any information provided by employees and representatives of Wells Fargo Bank, N.A. is for educational purposes only and does not constitute investment, financial, tax, or legal advice. Please contact your investment, financial, tax, or legal advisor regarding your specific needs and situation.