Through CCM’s deferred compensation plan, employees that have made at least $150,000 annually in the prior plan year and who are considered highly compensated employees, can defer payment of compensation to a future time. This allows participants to gain more control over how they’re being taxed, how and when distributions are received, and how contributions are allocated and may grow (similar pre-tax experience to a 401(k) plan). 

• Eligible employees can only enroll or make changes to their deferred compensation plan during the annual open enrollment window in December.
• Please note that deferred compensation open enrollment is passive and employees will need to make an active election to either remove or modify their election.

The deferred comp. enrollment is available through Principal by visiting www.principal.com or calling 800-986-3343.