Given the limits imposed by the IRS on contributions to traditional qualified retirement plans, highly compensated executives may find it difficult to achieve their retirement goals. A non-qualified plan can add the flexibility that key executives need to accomplish this goal as well as provide a way of aligning the goals of the firm and its executives.
With the right benefits program in place, a company can worry less about retaining and rewarding key executives and concentrate more on the strategies that make the business successful.
Pacific Coast Wealth Strategies can design a strategy to meet any organization’s goals including the following executive plan designs:
- Non-Qualified Deferred Compensation: Unlike qualified retirement plans, you can selectively target any employee or group of employees for additional rewards and incentives and provide opportunities for pre-tax deferral into a retirement program not subject to the IRS limits that are imposed on 401(k) other type of qualified plans.
- Supplemental Executive Retirement 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 also be utilized as a paired funding technique for buy/sell agreements and are also intended to supplement a qualified retirement plan.
- Split Dollar Insurance: This type of plan provides subsidized life insurance coverage for executives’ beneficiaries/
- Executive Bonus Plan: These plans can be structured in various ways to provide additional bonuses to executives via tax preferred vehicles. Additionally, these types of bonuses can be restricted and released to the executive only upon hitting certain company goals and/or milestones.
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Securities offered through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC (Equitable Financial Advisors in MI & TN). Investment advisory products and services offered through Equitable Advisors, LLC, an SEC-registererd investment advisor. Annuity and insurance products offered through Equitable Network, LLC, which conducts business in CA as Equitable Network Insurance Agency of California, LLC, in UT as Equitable Network Insurance Agency of Utah, LLC and, in PR as Equitable Network of Puerto Rico, Inc
Equitable Advisors and its affiliates do not provide tax or legal advice. Individuals may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. The information in this website is not investment or securities advice and does not constitute an offer.
Pacific Coast Wealth Strategies is not a registered investment advisor and is not owned or operated by Equitable Advisors or its affiliates.
For more information about Equitable Advisors, LLC you may visit https://equitable.com/crs to review the firm's Relationship Summary For Retail Investors and General Conflicts of Interest Disclosure.
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PPG-143494 (5/19) (Exp. 5/24)