As growing companies strain to compete with larger organizations in recruiting, retaining, and rewarding key employees, many have yet to invest in nonqualified retirement plans, according to a study released this week by the Principal Financial Group.

The "Principal Benchmark Report: Employer Sponsored Retirement Solutions for Key Employees" said that nearly two-thirds of the companies contacted do not offer a nonqualified plan but that 7% indicated they planned to install one this year. For purposes of the study, nonqualified plans are defined contribution, defined benefit, executive bonus, split dollar life, stock appreciation rights, and stock options. These retirement vehicles were contrasted with qualified plans such as 401(k)s.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.