Executive Carve-Out Plans
As the medical industry changes, employers face increasingly difficult decisions about providing coverage for their workforces. Executive carve-out plans can help protect your business while rewarding and retaining key employees.
Executive benefit plan options
- Salary Deferral: Options may include 401(k) overlay plans, defined contribution plans, and defined benefit plans.
- Split-Dollar Plans: These plans allow your business to provide valuable employee benefits at a relatively low cost, with the potential for the business to recover some or all of its costs.
- Deferred Compensation: These plans provide the flexibility to save additional money for retirement and may provide continued income after retirement.
- Executive Bonus Plans: Instead of paying a cash bonus, your business can use the bonus to purchase a life insurance policy that provides benefits for both the business and the employee.