Supplemental Executive Retirement Plan (SERP)

A supplemental executive retirement plan is a non registered pension plan that is established for people whose tax assisted retirement plan benefits have reached the tax limits under a registered plan. There is no limit on benefits or funding of these programs. A supplemental executive retirement plan is financed through a retirement agreement, and the assets belong to the plan.

There are several effective and interesting ways to set up these plans depending upon the individual situation and circumstances.