We will consult with you to develop strategies for rewarding and retaining management and key employees in your company. Often, companies will use a non-qualified deferred compensation plans (NQDC) to allow a select group of executives to defer income beyond the limits imposed by qualified plans.

Executive Bonus Plans

An Executive Bonus Plan is a voluntary, non-qualified benefit plan that can be an ideal way for business owners to take after-tax distributions from the company and grow the investments tax-deferred, and then take tax-free distributions in the future (in retirement, for example).

  • Bonuses serve to motivate executives to reach important goals for the ongoing growth and success of your business
  • They send a clear message to employees that you value their contributions and talents, helping to engender loyalty
  • The link between bonuses and goal attainment can have significant advantages for your business

Learn about Executive Bonus Plan Advantages for you and your key employees, including:

  • Ease of set-up and administration
  • Bonuses are tax-deductible for your business
  • Full discretion in selecting plan participants
  • No IRS approval required

Learn why an Executive Bonus Plan may be the right solution for retaining key executives and maintaining your competitive edge: Read our Executive Bonus Plan Case Study

Executive Nonqualified “Excess” Plan

A non-qualified excess plan is a non-qualified deferred compensation plan that allows executives to defer pre-tax income in “excess” of qualified plan limits – potentially up to 100% of compensation. These plans are based on a contractual agreement between the employer and the executive(s) that results in the executive foregoing current compensation in exchange for a future benefit.

Executive Nonqualified Defined Benefit Plan

A nonqualified defined benefit plan is a deferred compensation plan where the employer promises to provide a supplemental retirement benefit for a select group of management or highly compensated employees. The company can choose to informally finance the future obligation or leave the obligation unfinanced.

Contact Us to learn which plan may be the best fit for your business needs.