Executive benefits are designed to provide your top employees with a higher level of benefits and compensation.
Retaining top talent is a major priority for most businesses, especially members of the executive staff. Executive benefits are designed to provide your top employees with a higher level of benefits and compensation, especially since 401(k)s restrict the amount of money an individual can contribute on a tax-favored basis. Executive benefits can be designed to provide solid tax advantages for both employers and employees.
Here are some of the more common executive benefits that you may wish to offer at your organization:
- Key person life & disability products
- Executive long-term care
- Excess life & disability
- Business succession