You need a partner in your corner to walk you through the complex deferred compensation plan (DCP) process and to clearly communicate strategies and solutions. We invest time on the front end to thoroughly explore the best options and possible plan designs to meet your company’s needs.
Tailored plan communications (using your company's branding), dedicated client relationship managers and an industry-leading, 409A-compliant plan administration platform are the final keys to taking your executive benefits to the next level.
Did you know that the true cost of losing an executive can be upwards of 300% of their annual salary? That’s why finding and retaining your best team is critical to your business’s success. You know the obvious costs of losing a key member of your leadership team, but do you really know the full impact of the hidden costs?
The real costs of losing an executive can reach a whopping 300% or more of their annual salary.
That's why your executive benefits and compensation package should be a strategic focus. Work with a team that works hard to design plans to meet both your company’s goals and your executives’ financial goals.
Section 409A of Internal Revenue Code specifies the requirements that need to be met for amounts to be deferred under a nonqualified deferred compensation plan. These requirements, including a substantial risk of forfeiture, need to be met on all amounts deferred or they will be includible in the participant’s gross income in the year deferred.
Failure to comply with 409A can result in financial penalties imposed by the IRS and the Department of Labor.
