Our expert advisors specialize in crafting and implementing qualified retirement plans meticulously designed to serve both business owners and their employees. We also can take over existing plans that are not meeting the business owners’ goals. We offer a range of options, including 401(k) plans with or without Profit Sharing features, SEP IRAs, SIMPLE IRAs, and more. Our goal is to help you maximize your retirement contributions while creating attractive benefits for your valued team. Whether it’s enhancing your own retirement nest egg or promoting financial security for your employees, our tailored plans align with your business objectives and long-term goals.
Our expertise extends to crafting tax-efficient nonqualified retirement plans, often in the form of LIRPs, tailored to the needs of business owners and high-income earners. These plans offer a powerful combination of wealth accumulation and tax benefits. By strategically leveraging the tax advantages of life insurance policies, we help you build a substantial source of tax-free income during retirement. High-income earners can particularly benefit from these plans, as they offer a unique opportunity to reduce their tax liability while achieving financial security in retirement. Our customized solutions ensure that you make the most of this tax-efficient approach to retirement planning, giving you the peace of mind and financial flexibility, you deserve.
Key executives are the driving force behind a company’s success, and attracting, motivating, and retaining top talent is essential for long-term stability. Our executive benefit solutions are designed to help you achieve these goals. We offer expertise in funding non-qualified plans, supplemental employee retirement plans, split dollar plans, and more. By providing competitive and tailored executive benefit packages, we empower your business to thrive and maintain a healthy and steadfast course.
Effective succession planning empowers business owners to gracefully transition from their roles while ensuring the smooth transfer of their company to family members, key employees, external partners, or charitable causes. Our expertise lies in guiding this crucial process, harmonizing personal financial security, interpersonal relationships, and the optimization of business value. We offer tailored financial strategies specifically designed to support your successful succession plan, ensuring a legacy that endures.
Key person life insurance is a strategic financial tool that provides a safety net for employers, safeguarding them from the loss of a vital asset—the key person. In doing so, it ensures business continuity, offering reassurance to employees, customers, and creditors, while shielding against potential setbacks such as sales declines, lost momentum, and credit issues. Moreover, it can play a pivotal role in supporting the recruitment and development of a successor for the key employee
A buy-sell agreement serves as a vital, legally binding contract among business co-owners, outlining the course of action when a co-owner departs from the business, whether voluntarily or involuntarily. A funded cross-purchase buy-sell plan leverages life insurance to guarantee that the arrangement is financially secure, assuring that the necessary funds will be available when the unexpected event arises.
Deferred compensation represents a contractual arrangement between an employer and an employee, allowing the employee to opt for a portion of their compensation to be withheld by the company, professionally invested, and disbursed at a predetermined future date. This versatile tool serves as an effective means to attract and incentivize key employees. Our expertise lies in crafting funding strategies tailored to deferred compensation, ensuring its effectiveness as a financial incentive and retention mechanism.
We assist in designing and implementing employee benefit programs, including health insurance, and other employee perks. We have an in-house employee benefit expert that will meet one on one with the business owner or HR director to discuss the ideal plan to mee your needs.
Develop strategies to minimize tax liabilities, both for the business and the owner’s personal finances. Many of the topics already mentioned are strongly focused on the tax benefits provided by the type of planning recommended.
Provide financial education and guidance to both business owners and their employees to improve financial literacy and retirement preparedness. Help business owners create programs for educating and assisting employees with their financial well-being, such as financial wellness programs and workshops.
Work with business owners on charitable giving strategies and philanthropic endeavors to align with their personal and corporate values.