Our range of value-added services includes delivering you custom solutions for all of your deferred compensation plan needs including plan design and analysis, contribution strategies, education and training, and developing employee policies and consumer-driven programs.
Deferred compensation programs provide an employer the ability to reward and retain key employees. A deferred compensation program is structured to allow employee earnings to accumulate tax deferred during their employment providing a barrier for them to leave employment.
Programs can discriminate in favor of the Key Employees and Senior Management and avoids much of the discrimination testing, 5500 reporting and audit requirements.
Deferred programs can be used along with stock options and has many similarities which includes pegging the deferred value to your stock price.
Administration and management of the program can be outsourced to various third party administrators and program administrators limiting your internal resources dedicated to management of this type of program.
Higher contribution limits with similar investment options compared to 401(k) along with multiple funding options. Plan assets continue as corporate assets until paid.