Deferred Compensation Plan Highlights
Team Members who meet the IRS definition of a highly compensated employee (those who earned $135,000* or more in 2022) may elect once a year in December to participate in the OSI Restaurant Partners, LLC HCE Deferred Compensation Plan (the “DCP Plan”) in 2023.
If you meet or are projected to meet the eligibility requirements, you will be notified and offered the opportunity to participate in the election period for 2023, held November 29 through December 17, 2022. Distributions are processed in January each year. Please note – if your actual earnings are determined in December to fall below the highly compensated limit, you will be notified and your DCP Plan elections for next year will be canceled, and you will be able to contribute to the 401(k) Plan instead.
* Distributions earned under the PEP Plan do not count towards the $135,000 threshold.