Supplemental Executive Retirement Plans
Companies looking to provide valuable and competitive retirement benefits that reward and retain top talent should consider evaluating and implementing a Supplemental Executive Retirement Plan (SERP).
A SERP is a non-qualified deferred-compensation agreement between a company and select key employees in which the company agrees to provide a specified benefit amount at retirement, or in the event an employee dies, becomes disabled or employment is terminated. There are no IRS restrictions or approval, nor are there any government forms or reports. Administration is kept to a minimum, and there are no required plan provisions. Even better, the plan can be custom tailored to each participant.
A SERP helps to enhance financial statements, maximize shareholder value and future growth opportunities.
Providing retirement solutions for executives.
Our financial planning advisors will help determine if a SERP is right for your company and assist you in all aspects of plan design, implementation and financial modeling. Together with actuaries and your legal counsel, we’ll also customize an individual communication program and the preparation of personalized benefit statements for your executives. Give us a call at (877) 881-0743.