There are many different ways to compensate executives with the goal of reward and retention of people important to your firm. Cash balance pension plans are a possibility, and depending on your business structure, a qualified plans like a SEP (Simplified Employee Pension) IRA or may make sense.
Executive Benefits Consulting
at Prime Capital Financial Little Rock
Executive benefits are specialized compensation packages designed to attract and motivate important employees, like those in high-level or leadership positions within a company. Executive benefits often go beyond standard employee benefits and may include items like deferred compensation, stock options, and supplemental retirement plans.
As an example, one option could be an executive bonus plan. A business owner can potentially use tax-deductible company funds to selectively provide additional benefits to key people, which can be a valuable tool to attract and retain high-performing executives. Giving your best people “golden handcuffs” can be accomplished using permanent cash value life insurance which can be used in retirement, or in other ways. We can help you evaluate all the tax ramifications to you and your executives, examining the pros and cons, considering vesting schedules, employer controls, estate planning impacts, and exploring variations that might best suit your situation.
Services
Helping you reach the Pinnacle of your Mountain, one step at a time.
Beginning with a team approach, Prime Capital Financial Little Rock uses its entire collection of resources and connections to create a custom financial plan tailored to your objectives. Working with families, business owners and individuals, we pride ourselves in our ability to provide the highest level of service, no matter how complex your needs. Simply by understanding your goals, we’re prepared for any questions you may have when it comes to finance, and we stand next to you, not as coaches, but as teammates to help you design a financial roadmap with your vision as the destination.
