Executive Benefits
Creative compensation and benefit strategies are essential to attract, motivate and retain a company’s key people who are compromised in their personal retirement and protection planning by government regulations such as 401K maximum contribution limits, or traditional employee benefit restrictions.
Innovative, Results-Focused Solutions
We customize flexible incentive programs, both corporate & participant funded, that help management, technology and marketing executives achieve their lifestyle and financial goals as a reward for corporate performance and loyalty:
Non-Qualified Retirement Programs
- Deferred Compensation Plans
- Supplemental Executive Retirement Plans (SERP)
Supplemental Insurance Programs
- Executive Bonus Plans
- Group Variable Universal Life Insurance
- Disability Income Protection Insurance
- Long Term Care Insurance
WorthPartners knows what programs work to build and protect the financial security of your key people. We also know how to finance and communicate them so that the CEO, CFO, HR and marketing leaders are all pleased with the revenue, retention and bottom line results.
For more information
If you'd like to learn more about how we help our clients attract, retain key people or reward business owners on a tax favorable basis, please contact us
Supplemental Retirement & Disability Income PlanCase Study
Designing competitive and cost-effective executive benefits is a vital part of an effective strategy to retain key people.
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Profile: Large multi-location automobile dealership with several key people.
Challenge: Company was concerned about the cyclical nature of their business and wanted to tie key management to the company by using a long term incentive plan. In addition, company recognized there was a potential disability liability in the event one of their key people was hurt and unable to work.
Solution: WorthPartners was retained to design and implement a long term incentive plan for the company which addressed the key issues facing an automobile dealership. A Supplemental Retirement Program was implemented to provide "golden handcuffs" and fund additional retirement income benefits to supplement their 401K plan. A unique disability feature was included to protect the key managers for 65% of their salary in the event of a disability before retirement.
