Business Planning

Executive Benefits

We can help you offer your top employees superior benefits that incentivize loyalty.

Incentivize Loyalty

What are you doing to retain your best talent?

Employers lose up to 2x an employee’s salary every time they experience voluntary turnover. These costs can add up; for example, loss of productivity, time and money spent on recruitment and training, loss of leads and company knowledge, not to mention the impact to culture and morale.

In the case of the loss of a top executive, you could stand to lose more than $1 million (conservatively!) in direct and indirect costs.

You are NOT Powerless.

You can start by closing the retirement gap.

We can help you offer your top employees unique benefits that incentivize loyalty. Here's how:

Structure supplemental retirement benefits (ie a nonqualified supplemental retirement plan) to offer your executives continuity in terms of standard of living after retirement. Typical qualified plans are limited in terms of contributions, timing of withdrawals and taxes. However, a cash-value life insurance policy can enable executives to have tax-free access to the cash value.

You define the vesting period to encourage longevity with the company. You determine how to pay premiums, and whether to share ownership of the policy (to become one of the beneficiaries). The policy can be tailored to the individual needs of the business and/or executive, and benefits can be paid out to the employee or their beneficiaries.

This type of supplemental retirement benefit can allow you to compensate your key persons without providing interest in the business (such as stock or partnership status). Or you can just offer it as an additional benefit to increase the value you provide.