Executive Benefits Programs

It’s taken years of hard work to make your business what it is today. Whether you are an owner, partner or senior manager of an enterprise, you will typically need a specialized program to address your unique financial needs and ensure the future success of your business. These programs can also be an integral part of a business succession plan, as they can help create a guaranteed market for a business interest in the event of your death, disability or retirement.

The SBB team specializes in the creation of executive benefit programs designed to “carve out” this key employee group to receive special benefits, helping you to retain and reward your most valuable associates. We will structure your program to address performance targets, longevity and commitment to success.

While executive benefit programs can take many forms, some of the more useful components may include:

Split Dollar

This life insurance ownership strategy provides corporate and personal protection, as well as long-term tax deferred accumulation. It is a specialized ownership structure for included policies, allowing the key elements to be separated based upon their purpose and objective. Recent IRS rulings have codified our handling of these structures, allowing us a clear vision for implementation and application.

Corporate-owned life insurance programs are typically handled with some element of Split Dollar ownership.

Supplemental Executive Retirement Plan (SERP)

SERP is designed to address the retirement planning limitations for highly compensated executives. SERP programs allow us to select a focused and specialized group of executives around whom we design a deliberately discriminatory savings program.

More often, SERP programs are applied to the needs of businesses containing a definitive management structure. The benefits of the program for the individual are a significant enhancement to their retirement income pool. The corporation retains the loyalty and dedication of its key employees through the use of strategic contribution schedules and vesting.

Deferred Compensation

For employees limited by their corporate sponsored retirement program, deferred compensation provides an opportunity to expand their savings.

Through the use of these programs, we can provide additional tax-deferred retirement savings and protection from creditors. The investment vehicles for deferred compensation vary from simple to complex depending upon the nature of the program, its participants, and objectives.

Our professionals are happy to discuss these and other executive benefit programs with you and your financial, legal and tax advisors. Contact us today to get started.

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