Executive benefits enable companies to selectively reward key employees and executives. A well-designed program provides incentives for key employees to remain with your company.

Mainstream retirement plans like a 401(k) have made employees responsible for their own retirement savings. For many executives, however, the yearly investment limit is too restrictive to fulfill their long-term needs. Executives and key employees want to enjoy a rewarding retirement supported by sound financial security.

Overview

The most valuable assets of just about any growing business are its key employees. Locating and retaining talented leaders fosters business growth, longevity, and underscores the business commitment of rewarding success.

Celerity Advisors provides the best options based on unique structure and the make-up of each company from our experience of dealing with small to large organizations in different industries and revenue size.

How Executive Benefits Support Retention

Deferred compensation plans or a company funded supplemental retirement plan are effective ways for employers to keep talented employees invested in your business growth.

Non-qualified deferred compensation plans can be designed to mirror familiar features of basic 401(k) plans, but without the cap on the dollar amount saved or contributed. These plans allow deferral of various forms of pay, including base, bonus, commissions, and special incentives.

Executive Benefits programs “fill the gap” of the 401(k) shortcomings. Some of the potential benefits include:

• Flexibility in eligibility and plan design

• Potential Tax advantages

• High contribution allowed