The most important resource of any company is its people. The ability to attract and retain high-quality professionals can make all the difference in terms of a company’s position in the marketplace, as well as its very survival. A menu of relevant employee benefit and investment plans, striking a fair balance between desires of the employees, management, and ownership is therefore critical to a company’s overall success. We will work diligently with your Company to provide appropriate and state-of-the-art programs in the following areas:
- Defined Contribution (401-k, 403-b), Defined Benefit
- Non-qualified retirement plans
- Executive Financial Planning
- HMO, PPO, POS
- Group Life
- Short Term, Long Term Disability
- Accidental Death & Dismemberment
- Flexible Spending Account
- Post Retirement Medical
- Key Man Insurance
- Section 529 Plans
Employee Stock Plan Administration Services
Raymond James Financial (NYSE RJF), our custody and clearing firm, is well established in providing publicly traded Fortune 500 companies with a complete menu of the following services:
- Incentive and non-qualified stock options
- Restricted Stock
- Stock Appreciation Rights
- Performance Share Units
- Performance Vesting
- 423 and Non-Qualified Employee Stock Purchase Plans
A Deferred Compensation Plan is a Retirement Plan that supplements your 401(k) Plan and is directed primarily towards the senior members of your company that are more highly compensated (generally earning in excess of $100,000 annually):
- Contributions can be made by the company, the participant or both, depending on how the Plan is structured.
- Contributions are tax-deferred and invested in a series of high-quality mutual funds selected by the participant from a comprehensive fund menu.
- Unlike a 401(k):
- There is no annual contribution limit, i.e., the maximum annual 401(k) contribution is $19,000 (2019). Therefore, a significant asset can accumulate in a Deferred Compensation Plan on behalf of the participant in a much shorter period of time than a traditional 401(k) Plan.
- A Deferred Compensation Plan is generally offered to selected employees only vs. a 401(k) Plan that must be offered to all employees.
- The Plan may be subject to a vesting schedule that promotes employment longevity.
Please note: Clients should consult with their attorney and tax advisor in connection with the above-referenced programs.