The Deferred Compensation Plan (DCP) is a voluntary program that allows participants to set aside eligible cash and equity compensation in a tax deferred vehicle for retirement or other life event purposes. This DCP allows you to elect to receive certain income in a future year that would otherwise be paid to you in the upcoming year. This means that these amounts are not subject to federal income tax at the time of contribution into the plan.
The Deferred Compensation Plan is another way to boost your savings—it lets you save tax-deferred money beyond the annual 401(k) contribution limits.
Who is eligible and how to enroll
U.S. director-level employees and above, and employees in equivalent positions are eligible. Participants may enroll during the annual open enrollment window or within 30 days of eligibility for promotions and new hires. For 2020, the open enrollment window was in November 2019.
Visit the DCP enrollment site (SSO) to enroll.
Call Nolan Financial at 877-230-2432 or email email@example.com for assistance.
What you can contribute
You can contribute cash from your:
- Base salary (5%–75%)
- Commissions (5%–100%)
- Annual Incentive Plan bonus (5%–100%)
Deferral elections are irrevocable and cannot be changed.
Effective January 1, 2020, restricted stock units (RSUs) and performance shares are no longer eligible deferrals. Previous elections will not be affected by this change.
Adobe does not make matching contributions to your DCP.