Syngenta Retirement Blog

Congratulations! You reached level 7 or above at Syngenta and can now contribute to the deferred compensation (DC) plan. This allows you to defer income in excess of the 401k contribution limits. This account is similar to a 401k but not the same. There are two key differences that you should keep in mind. The DC plan has restrictive distributions and it is at risk of creditors of the company (See below for details). When contributing to this account, you should begin with the end in mind. You can do this by creating a distribution plan and coordinating it with your investment strategy.

Deciding which pension option to take is a big financial decision. You get one chance to decide between two very different options for receiving a large sum of money. You can take a lump sum option and have all your money in hand immediately. Or you can take an income stream for the rest of your life. There are four risks to consider when evaluating this option. We will go through these and then discuss three different ways to analyze the decision.

So you've maxed out the Syngenta Investment Savings Plan (ISP) but you can still save more. What's the next best account to save to? If you are a high earner, you probably earn too much to contribute to a Traditional IRA, Spousal IRA or Roth IRA. Another great option is Syngenta’s Deferred Compensation Plan but it’s not available to everyone.