Non-Qualified/Executive Compensation

Non-Qualified/Executive benefits differ significantly from group benefits in that an employer can typically “discriminate” or carve out a select group of executives to provide this benefit for- without having to provide it for any other employees. These benefits help compensate for the adverse effects of “reverse discrimination” on the highly compensated, who suffer from proportional limitations placed on contributions into a tax qualified plan. These benefits can help to restore the loss of deferral opportunity, tie a key employee to a company via “golden handcuffs”, and provide powerful incentives to key employees.

The universe of executive benefit plans are vast. It is imperative that an insurance professional specifically versed in executive benefit plans be consulted when considering an executive (non-qualified) benefit plan. If a plan is set up incorrectly, adverse tax consequences can result.

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SERP (Supplemental Executive Retirement Plans)	Key Man
Deferred Compensation	Buy/Sell
Split Dollar	Executive Bonus
Pension & 401K Restoration Plans	Group Carve Out
Performance Unit Plans	Estate Liquidity & Succession Planning