Deferred Compensation Plan
The Petco Deferred Compensation Plan is a Non-Qualified plan that is offered to a select group of management partners.
Newport Group
- (800) 230-3950
- www.newportgroup.com
The non-qualified Deferred Compensation Plan is offered to Directors and above. The plan allows you to defer a portion of your current compensation, so you can reduce your current income tax liability while focusing on tomorrow’s financial needs.
Enrolling for the first time? Log into your account at: ascensus.com/newport. First time users enter their SSN as their User ID and the last four digits of their SSN as their Password.
Your contributions Direct Link
You can choose to defer:
- Up to 85% of base salary
- Up to 100% of your fiscal year bonus
Vesting Direct Link
You are always 100% vested in your deferrals and any related earnings on your investments.
Investments Direct Link
You can choose from a variety of investment options representing a broad range of asset classes. You may allocate your accounts among the available investment options, both with respect to existing balances and future deferrals, at any time.
Distribution Elections Direct Link
Each year, you will have an opportunity to make a distribution election for the upcoming year’s deferral and related earnings. If you don’t make a distribution election for a particular year, then that year’s distribution will be paid as a single lump sum.