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NDAQ » Topics » Profit Sharing and Retirement Plans

This excerpt taken from the NDAQ DEF 14A filed May 2, 2005.

Profit Sharing and Retirement Plans

 

Nasdaq continues to provide both tax-qualified and a non-qualified savings and retirement plans. All eligible employees may participate in the tax qualified plans (both pension and savings). Participation by Nasdaq employees in the defined contribution tax-qualified 401(k) savings plan is approximately 96%. Nasdaq matches up to 4% of an employee’s eligible compensation to this plan during the year and may make an additional discretionary contribution to the plan as approved by the Nasdaq Board on the Committee’s recommendation, which may vary with the financial performance of Nasdaq. No additional discretionary match was made for 2004.

 

Nasdaq continues as a participating employer along with the NASD in the NASD Pension Plan. See “Pension Plan Table” for a description of the benefits under the Pension Plan and SERP, including the amendments discussed above.

 

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