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Executive Benefits

Are you rewarding the key people who help your organization grow and thrive, who are responsible for developing, nurturing and maintaining the important relationships, proprietary processes and valuable assets that make your business competitive.

Retaining top executives is a strategic advantage and one of the fastest ways to grow your business.

 

In2Matrix consultants are expert in the design of business succession planning, life insurance, disability income protection, and other advanced planning techniques.

Top executives are responsible for developing, nurturing and maintaining the crucial relationships, proprietary processes and valuable assets that make your organization competitive. Retaining top executives is a strategic advantage and one of the fastest ways to grow your business.

 

 

 

Executive Benefit are provided by many organisations to their key employees. The package may include salary continuation plans, deferred compensation plans and other benefit packages.

 

There are a wide range of Executive Benefit Plans that your organization may consider including the following:

 

  • Bonus Plan: A bonus plan is often included in an Executive Benefits Package. This is a fantastic way to compensate select employees, regardless of their income or position, by paying a cash bonus to the employee or by purchasing an investment on behalf of the employee. While this cash bonus is a taxable compensation to the employee it is a tax-deductible expense to the company.
  • Non Qualified Deferred Compensation Plan: This plan allows the company to set aside funds to benefit a select group of highly paid management. This plan may provide employee pretax salary deferral, employer contributions or both. The company can also specify when the benefit is to be paid. This may be at retirement or after a certain number of years have passed.
  • Executive Life Insurance: Highly compensated key executives often have unique health and life insurance requirements. In order to protect their families it is imperative to replace their salary in the event of an untimely death.

EXECUTIVE BENEFITS EXPLAINED

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