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Plan Insight

MARCH 2010 Newsletter

Executive Benefit Plans, Inc.

Compensation, of course, can take many forms. In addition to regular wages, employers often offer their employees compensation packages that may include a mixture of such benefits as health insurance, paid time off, tuition reimbursement and qualified plans that help to save for retirement.

In order to remain competitive, as well as attract and retain talented employees, employers are faced with the daunting task of creating a winning compensation strategy that will not only accomplish company objectives, but will also be balanced with business financial constraints.

It's a fact that employee compensation is much more than just a salary. It can encompass all the "perks," such as vacation and sick time, company vehicles, corporate memberships, and a variety of benefit options designed to provide employees and their families with, at a minimum, health insurance and retirement income.

While employers are often legally obligated to provide certain state and federally sponsored benefits, the majority of employers recognize that alone is not enough.

When it comes to qualified retirement plans, there are many types, but it is the plan design that will ensure both you and the beneficiaries of the program are completely satisfied. Designing a plan that makes sense for your company is what we do best!

Please contact us if we can assist you.

 

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Information is provided for review and consideration only. Please consult legal and tax advisors for practical advice pertaining to your business and personal situations.

This page was last reviewed and/or updated on Friday, July 03, 2015 05:21 PM

 

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