Executive Benefits
In addition to the qualified retirement plan portion of your
employee benefits package, a non-qualified plan can act as a strong
recruiting and retention tool for the key employees of your company.
non-qualified plans are attractive because they are designed to be
discriminatory, and can be used to meet your very specific objectives
for compensating key employees. Additionally, such plans allow your
company to retain control over the plan's assets, while providing
excellent tax benefits to both your company and key employees. The IRS
does not review the plan document and there are no reporting
requirements.
Our team at Oswald Financial, Inc. (OFI) Retirement Plan Services
will work closely with your executives to design a Non-Qualified plan
that best meets their individual needs and the unique needs of your
company. Some of the many executive programs that we offer include:
- Excess Deferral/ 401(k) Mirror
- Deferred Compensation Plan
- Salary Continuation
- Income Replacement Ratio Analysis
- COLI
- DB Carve-out
- 419
frequently asked questions
What about non-qualified retirement plans?
In addition to the qualified retirement plan portion of your
employee benefits package, Oswald Financial, Inc. (OFI) will work with
you to offer non-qualified plans to key executives. Non-qualified plans
are attractive because they can meet very specific objectives for
compensating key employees, allow your company to retain control over
the plan’s assets, provide excellent tax benefits to your employees and
your company, and require no IRS review or reporting. Many plan
sponsors use these non-qualified plans to successfully recruit and
retain their key people.
What types of plan benefits are we talking about?
It’s a rather thorough assortment of executive savings and
compensation solutions. They include supplemental executive retirement
plans, deferred compensation plans, executive bonus plans, a 401(l)
primer plan, key man life insurance, buy-sell plans, executive
disability packages, financial planning packages, and even long-term care
plans.
Which executive benefits are best to offer?
That answer is different for every company. Using a team approach,
OFI advisors will provide expert, specialized guidance. We’ll work
closely with your executives to design a non-qualified plan that meets
the specific needs of your executives and those of your business.