Executive benefits provide a group of select or key employees additional tax advantaged/preferred compensation packages that supplement the traditional core benefits offered to all employees. Generally, executive benefits come in the form of “Non-Qualified Retirement Benefits”. These benefit plans are NOT subject to the strict IRC rules that currently govern 401(k) and pension “qualified” plans.
Once the employer determines (selects) who is eligible, these benefits:
Two types of Executive Benefits that significantly enhance the key employee’s family security and retirement: