In today's competitive business environment, companies want to retain the services of key employees and managers. Benefit Design can assist you with designing and implementing any of a variety of executive compensation plans. Here are just a few of the more popular programs.

Deferred Compensation

Owners and key employees could use this plan to reduce current income by deferring payment of some of their salary until retirement. There are multiple tax advantages to both the employer and the participant with a deferred compensation plan.

Split Dollar Arrangements

This is a plan where the business can assist a key employee, including the business owner, with the purchase of permanent life insurance. Split dollar is a highly flexible employee benefit, which allows an employer to provide valuable life insurance protection for selected employees but still have a return of the premium paid for the policy.

Bonus Arrangements

Establishing a distinct compensation plan can help you recruit and retain top talent. As an advantage to the business owner, you can be selective as to whom and how much to benefit a key employee, and the bonus arrangement generally requires no ongoing administration or IRS approval.

For a no-obligation quote, use our online Quote Forms under Resources or call 480.998.0096.