Supplemental Executive Retirement Plan
SERPs can serve as a key tool in executive benefit programs.
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Implementing a SERP can be a valuable benefit in providing key executives with additional retirement income, and they can serve as an important retention and recruiting tool.
A SERP provides an organization the ability to choose from a variety of plan options and provides a cost recovery for the corporation.
Establishing a SERP can take on a variety of forms including the following: