Executive Benefit Planning
Executive fringe benefits are a popular way for employers to reward and incent their most valuable employees.
Executive Benefit Planning |
Executive benefits can help you offer your best employees (and yourself) a higher level of benefits and compensation, often with significant tax advantages. They can also compensate for the fact that most 401(k) plans restrict the ability of higher earning executives to accumulate enough money on a tax-favored basis to completely fund the retirement lifestyle they desire. With Non-qualified Executive Benefit plans, you may select only those employees you want to benefit, without concern for non-discrimination rules. Here are a few types of Executive Benefit plans that can help distinguish your company among your competition.
Executive Bonus Plans The Executive Bonus (Section 162) Plan is the simplest and easiest to install of the executive benefit plans. Under an Executive Bonus Plan, selected key employees are rewarded with a valuable, tax-deductible, employer-provided fringe benefit that they will lose if they terminate employment. An executive bonus plan can be used to motivate and retain the key employees of sole proprietorships, partnerships and corporations, as well as to benefit shareholder-employees of closely held corporations. |
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P.O. Box 310878 New Braunfels, TX 78131 (830) 626-8509 Click Here to Email Us |
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