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Ordinary compensation and fringe benefit packages typically do not provide sufficient benefits to adequately compensate highly valued employees. Traditional or "qualified" retirement programs tend to discriminate against highly compensated key executives and other key players in the organization.
Qualified plan rules and regulations typically provide the greater an executive's compensation, the lower the retirement benefits available as a percentage of pre-retirement compensation.
Hence, companies are left with a dilemma: How to design a retirement plan that benefits both the company and the key decision-makers?
A Possible Solution
A non-qualified Executive Benefit Plan may provide employers and the valued employees with the answer. A non-qualified Executive Benefit Plan can be an important cornerstone to a complete compensation package for key personnel in privately held, as well as in publicly traded companies.
These plans afford a company the opportunity to design a flexible, tax-deferred, cost-efficient compensation arrangement that aids in the recruitment and retention of valuable executives, while also minimizing the effects of reverse discrimination.
Recruit, Retain, & Reward
Listed below are four popular types of Executive Benefit Plans, including a BRIEF description of each.
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Copyright © 1998
Fielder Financial Management, LTD.
All Rights Reserved.
Securities are offered through Girard Securities, Inc.
member FINRA, SIPC.
Mark R. Fielder, Registered Principal. CA. Insurance Lic. # 0690576.
