Executive benefit plans are very popular, mainly because they don't discriminate against highly-compensated executives. In fact, these plans allow a corporation to provide valuable benefits designed specifically for their highly-compensated team. With an executive benefits plan, companies can make contributions on the behalf of their employees each year.
Tax-Favored Executive Benefit Plans Commonly Include:
- Salary Continuation Plans
- Deferred Compensation
- Split Dollar Plans
- Executive Long Term Care Plans
- Supplemental Executive Disability Coverage
The purpose of a well-thought-out executive benefit plan is to attract, retain, and reward the employees in your company who help create profitability. The ability to design and communicate planning strategies requires experienced professionals. We offer these resources in the planning process.
Most businesses provide an executive benefits plan in order ot stay on top of the competition. Ask yourself what many other employers are asking, Can you afford not to offer an executive benefits plan? Contact the Glover Agency today to learn more about improving your business.