Who is eligible to participate in the Nonqualified Deferred Compensation Plan (NQP) at Bw Premier Collection?

According to Bw Premier Collection's 2025 Franchise Disclosure Document, the Nonqualified Deferred Compensation Plan (NQP) is available to specific individuals within the company. Participation in the NQP is limited to key management employees of Bw Premier Collection. The Board of Directors determines which employees qualify as key management and are therefore selected to participate in the plan.

The NQP functions as a defined contribution plan. Employees who are selected to participate can defer a percentage of their annual salaries, as well as a percentage of any incentive compensation, into the NQP. In addition to employee deferrals, Bw Premier Collection contributes to the plan. The company makes a non-discretionary contribution of 3% of a participating employee's compensation each pay period. Bw Premier Collection may also make an annual discretionary contribution, as determined by the Board of Directors, up to 9% of a participating employee's annual compensation.

Bw Premier Collection uses a Trust to hold funds that will be used to satisfy the NQP liability. The company contributes to this Trust to ensure there are funds available to meet the obligations of the NQP. The intention is for the NQP and the Trust to be an unfunded arrangement that provides tax-deferred compensation, in accordance with Title I of the Employee Retirement Income Security Act of 1974. The assets within the Trust are invested in a way that mirrors each participant's investment elections under the NQP, so that investment gains and losses of the Trust are reflected in the participants' accounts.