The success of most businesses is tied to the talent, passion, and work ethics of their key
executives and
employees.
Across today’s business landscape, the need to hire and retain the best people has become far
more important as more
companies offer attractive benefits packages for their employees.
Non-Qualified Deferred Compensation
Non-Qualified deferred compensation plans (often referred to as Golden Handcuff
arrangements) are used to reward
select executives with an option to receive additional compensation in the future either
through deferring a
portion of their income or as an employer funded plan.
Section 162 Bonus Arrangement
An executive bonus arrangement, also sometimes referred to as a “Section 162 Bonus Plan,”
is a benefit
arrangement in which an employer pays bonus compensation to selected executives in the form
of premium payments on
the executives’ personally owned life insurance policies. It is most easily described as
employer-funded personal
life insurance.
Group Life Insurance Plans
This is a plan that offers life insurance benefits to employees, where the insurance
contract is only between the
group and the insurance company. Members of the group receive certificates of coverage at
little or no cost to
them.
Group Disability Insurance Plans
Group disability plans offer basic salary compensation for employees that experience a
short- or long-term
disability. Competitive rates are also available on your state-required disability.
Retirement Plans
A competitive and properly structured retirement plan can be an essential tool in
attracting and retaining your
team. We will work with you to find the right retirement plan for your needs and budget, and
help you find the
best way to fund these qualified plans. We offer 401k, Profit Share, Simple, SEP and other
defined contribution
plans.
