
Executive Retirement Plans and Non-qualified Deferred Compensation Plans should be a component of every executive's benefit program. However, the complicated nature of the IRS laws regarding executive deferred compensation justifies having professional representation and a well-designed plan.
The recruitment of key people is essential to all successful businesses. And since securing their financial future is a priority for many executives and key people we recommend that businesses consider Executive Benefit Plans to attract and retain key people.
Our Senior Benefit Specialist can discuss different Executive Benefit Programs that are available for your consideration. For example you could consider implementing a:
Our focus is to assist your company in reducing the costs and time associated with your Cafeteria Plan by providing administration services
– in many cases, at no charge to you.
These plans allow an employee (or owner) to forgo some portion of his or her current income until a specified future date, typically retirement. Since it is a non-qualified plan it allows the company to pick and choose whom among the employees and/or owners may participate in the plan, without regard to years of service, salary levels, or any other criteria. This affords a business to provide proportionate benefits for officers, executives, and other highly paid individuals. Qualified Plans due to their tax status are not nearly as flexible.