Executive benefit plans help you compensate executives and encourage them to remain with your company for many years. Let Weidner Financial Group assist you with your executive compensation plans.
Non-qualified Deferred Compensation Plans
A non-qualified deferred compensation plan lets you set aside funds to benefit a select group of highly compensated managers. You can design a deferred compensation plan for employee pretax salary deferral, employer contributions or both. You can also specify when benefits are to be paid (e.g. after a certain number of years or at retirement). Deferred assets are subject to claims against the company.
Executive Bonus Plans
An executive bonus plan is a way to compensate select employees, regardless of their income and position, by paying a cash bonus to the employee or by directly purchasing an investment* on the employee's behalf. The bonus is a tax-deductible expense to the employer and taxable compensation for the employee.
Executive Life Insurance
Key executives who are highly compensated often have unique life insurance needs. To protect their families, they need a way to replace their compensation in the event of premature death.
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