EXECUTIVE BENEFITS

Executive benefits empower an organization to selectively recognize and reward its key employees and executives. Unlike qualified plans such as 401(k) plans, executive benefit programs don't have coverage or participation prerequisites. This flexibility enables companies to tailor rewards and incentives on a per-employee basis, allowing for maximum design adaptability.

These plans primarily center on safeguarding executives and their families against death or disability during employment and ensuring adequate retirement income levels.

These plans can be used to:

• Offer retirement income replacement based on total compensation rather than restricted compensation.

• Attract, reward, and retain key executives.

• Compensate for benefits lost due to IRS limitations on qualified plans.

• Supplement benefits beyond those provided by qualified plans.

• Enable deferred compensation to be received at a later date, such as retirement.