Executive Bonus Plan

by | May 2, 2024 | Employee Benefits | 0 comments

How can a small or midsize business ATTRACT TOP INDUSTRY TALENT?

Executive Bonus Plan

  1. Recruit
  2. Reward
  3. Retain
  4. Retire

WHY A BONUS INSURANCE PLAN? (Employers perspective.)

  1. Increase employee morale.
  2. Receive tax-deduction.
  3. Communicate easily with your team.
  4. Employees save more.  Above the limits of a 401(k) or 403(b)
  5. Enhance employee’s financial security.  Future Retirement and Living Benefits.
  6. Ownership. Owned by the key employee.

WHY A BONUS INSURANCE PLAN? (Employees perspective.)

  1. Overcomes limitations that highly paid employees can save for retirement.
  2. Enhanced retirement benefits.
  3. The employee owns the asset.
  4. Policy interest may be tax-deferred.
  5. Tax diversification.
  6. Living benefits from unexpected events in life.
  7. Employees can leave behind a legacy.

Cresley Pierce

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