In today's competitive employee marketplace, hiring talent that keeps your company growing is crucial. What's even more crucial, is retaining the key employees that you have on your team.
At Strandlife Financial Group, we design custom strategies to meet any organizations goals, including the following executive benefit plan designs.
Supplemental Executive Retirement Plan: Intended to supplement a qualified plan, these plans are typically designed to provide future benefits to an executive or business owner in the event of retirement, death, or disability. They can be utilized as a paired funding technique for buy-sell agreements.
Non-Qualified Deferred Compensation: Designed to mirror a 401(k) plan, these plans provide executives additional opportunities for pre-tax deferral into a retirement program.
Split Dollar Insurance Plan (Cost Sharing Arrangement): This type of plan provides subsidized life insurance coverage for executives’ beneficiaries.
Executive Bonus Plan: Executive bonus plans can be structured in various ways to provide additional bonuses to executives through tax preferred vehicles.