Excess benefit plans generally have longer vesting periods than SERPs.(Contrasting Excess Benefit Plans and SERPs)

Question

Quizplus · Accepted Answer

Excess Benefit Plans and SERPs (Supplemental Executive Retirement Plans) are both types of non-qualified deferred compensation plans, but there is no inherent rule or trend that suggests Excess Benefit Plans generally have longer vesting periods than SERPs. Vesting periods can vary widely and are typically determined by the specific terms set by the employer for each plan.

Excess Benefit Plans Generally Have Longer Vesting Periods Than SERPs