Benefits
The Deferred Compensation Plan offers several advantages.- You can use it to defer compensation – state and federal taxes on that compensation are deferred until you take a distribution.
- Federal and state taxes on potential earnings of your deferred compensation are deferred until distribution. Your deferrals have the opportunity to grow tax–deferred as they would in the 401(k) plan.
Other advantages:
- Distribution elections. You can select a different distribution option for each year’s deferrals. You can receive your distribution either as a lump sum or as annual installments from two to 15 years.
- Deferral periods. Each year’s deferrals can be treated differently. For example, if you defer your 2012 compensation and decide to have it paid in a specific year before you can leave the company. The next year, you can defer 2013 compensation and have it paid out when you leave the company. This flexibility allows you to plan ahead for other forms of income, such as proceeds from stock.
- Investment options. A broad range of investment options is available.
The Deferred Compensation Plan is a nonqualified plan, making it exempt from certain IRS limitations and requirements. Assets of the Plan are held in a grantor trust established by Juniper Networks. The Plan is not qualified under IRS regulations. Any account established for you under the Plan would be subject to the claims of Juniper Networks’ creditor(s) in the event of a bankruptcy filed by Juniper Networks. Please call Fidelity Investments at 800-835-5097, Monday through Friday (excluding New York Stock Exchange holidays) between 8:30 a.m. and midnight, Eastern time (5:30 a.m. and 9 p.m., Pacific time) to speak with a Service Center representative for specific provisions of the plan.
If there is a discrepancy between any information on this site and the plan document, the plan document will govern.
Fidelity Brokerage Services, LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
494073.6.0