Executive & Employee Benefits
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.
*Your participation in the payroll deduction life insurance program is completely voluntary. Since this program is not intended to be subject to the Employee Retirement Income Security Act of 1974(ERISA), your employer cannot contribute to or endorse any policy offered under this program.
Our Location
1555 Iyannough Road
Hyannis, MA 02601