EXECUTIVE RETIREMENT & DEFERRED COMPENSATION

Your key employees make the decisions, lead the team, and drive the profits. Shouldn't taking care of them be one of your highest priorities? Wachovia designs retirement and deferred compensation plans that can help you retain key executives by allowing them to set aside additional money beyond qualified plan limits.


Deferred Compensation Plan

With a deferred compensation plan, executives contribute as much as they want on a pre-tax basis, and do not pay tax until distributions are received. As the employer, you may also contribute on behalf of your executives, and take a tax deduction when the funds are distributed, usually at retirement.

Additional features of Wachovia deferred compensation plans:

• No limits on plan contributions (subject to plan design) and no minimum distribution requirement.
• Exempt from most ERISA requirements and are discriminatory.
• Flexible in design and can include golden handcuffs.
• Investment selections from some of the most recognized and respected fund families in the country.
• Quarterly performance reports in a choice of formats, plus the ability to view data electronically in real-time.
• Participants can check balances and make transfers online or by phone.
  

Supplemental Executive Retirement Plan

Offering a supplemental executive retirement plan through Wachovia is a great way to attract and retain key executives. Our non-qualified plan consultants work with you (and your legal counsel) to determine the most appropriate plan design.

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Insurance and annuity products are offered through non-bank insurance agency affiliates of Wachovia Corporation and are underwritten by unaffiliated insurance companies.