Whether your business is a startup, well-established, or something in between, we can help it thrive with a wide range of solutions. The following is an overview of our typical services, which take into account your company’s status, your personal values, and your objectives.
Executive Benefit Packages
Hiring and promoting the right executives for your business is important, but it’s equally important to keep them happy. That’s why one area of focus for us is assisting companies in choosing and funding the right executive benefit packages. Among other options, we can aid with non-qualified plans, supplemental employee retirement plans, and split dollar plans. These benefits can help you retain the executives your business needs to thrive.
Deferred Compensation Funding
Like executive benefits, deferred compensation funding can be a way to attract and retain quality employees. Under deferred compensation, an employee agrees that the company will withhold a portion of his or her compensation. The company invests the withheld income on behalf of the employee. As stipulated by the agreement, the employee receives the funds at a specific date in the future.
Planning for Succession
At some point, most business owners will pass their business on to another party, whether it be a family member, valued employee, or someone else. Regardless of the reason for the change or who is taking it over, we can help with all the big and small tasks that go into proper succession planning. Our services can help you make the process of handing over the reins as smooth and profitable as possible.
Key Person Insurance
With key person insurance, you can insulate your company from financial damage in the unfortunate event of the death of a key employee. Losing an important executive or other team member can disrupt continuity, harm a company’s credit, damage sales, and halt growth. However, key person insurance can offset some of those negative effects and also help with finding and training a replacement for the lost employee.
Buy-Sell Agreement Funding
If your business has multiple owners, funding for a buy-sell agreement is another service we can provide. These are especially important when it comes to succession plans. Buy-sell agreements determine what happens when a co-owner leaves the business because of death or other circumstances. By funding your buy-sell agreement and having the proper insurance in place, you can help protect your business from the chaos potentially caused by such an event.