In today’s competitive marketplace, the ability to recruit, retain and reward key employees is critical to the success of any business. It is especially important to take care of those people who make the difference between success and failure.
It isn’t enough to simply have a “one size fits all” benefit package plan. Given the limits imposed by the IRS on contributions to traditional qualified retirement plans, highly compensated executives may find it difficult to achieve their retirement goals. A non-qualified retirement plan can add the flexibility that key executives need to accomplish this goal and provide an additional method of aligning the goals of the organization with its key personnel.
The financial advisory team of Burnham Gibson can design a strategy to meet any organization’s goals, including the following executive benefit plan options:
Now is the time to consider reviewing the executive benefits program options or enhancing an existing one. With the right benefits program in place, a company can worry less about retaining and rewarding key executives and concentrate more on the strategies that make the business successful.