Business Owners & Executives
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 Strategies
Hiring and promoting the right executives for your business is important, but we believe it's equally important to keep them happy. That's why one area of focus for us is assisting companies in choosing and implementing attractive executive benefit strategies. Among other options, we can aid with non-qualified plans, supplemental employee retirement plans, and split dollar arrangements. These benefits can help you retain the executives your business needs to thrive.
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 relating to your succession plan. Our services can help you make the process of handing over the reins as smooth as possible.
Key Person Insurance
With key person insurance, you can help protect your company from financial impact in the unfortunate event of the death of a key employee. Losing an important executive or other team member has the potential to affect a company's business continuity, credit arrangements, sales projections and short- and long-term growth opportunities. However, key person insurance can help to mitigate some of those negative effects.
Buy-Sell Strategies and Funding Options
If your business has multiple owners, a buy-sell agreement may be a helpful solution. 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 adequate insurance in place, you can help protect your business.
Deferred Compensation Plans
Like other executive benefits, deferred compensation plans 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.