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Deferred Compensation Plan

US Deferred Compensation Plan (DCP)

This program provides an opportunity to defer up to 50% salary and/or 100% of annual bonus on a pre-tax basis.

Enrollment Period

Typically in November/December for the upcoming plan year

Eligibility

Total eligible earnings (salary, plus annual bonus or commissions) that meet the current, annual IRS highly compensated employee (HCE) definition ($155,000 for 2024)

Distributions

  • Option to receive distributions while actively employed or after leaving Chubb.

  • Option to receive distribution as a lump sum or up to 10 annual installments

Learn More

Get Started

If you are newly eligible or eligible to participate in the following year, you will receive communications from Fidelity inviting you to enroll. You must actively enroll if you want to participate in the DCP for the current plan year. To enroll, change your current election or opt out for the new year, you must make an election during the annual enrollment period by logging on to Fidelity NetBenefits at NetBenefits.com. Communications are sent at the start of the annual enrollment, which is usually in November/December of each year.