Sapers & Wallack
Services
For Businesses
- Overview
- Business Continuation Planning
- Charitable Concepts
- Executive Benefits
- Group Benefits
- Insurance
- Investment Advisory
- Retirement Plans
For Individuals
For Businesses
Executive Benefits
Designing executive compensation packages is a critical element of a business that wants to retain, reward and incentivize key executives. The professionals at Sapers & Wallack design strategies for our corporate clients which work to maximize executives’ retirement savings while minimizing the cost impact to the client company. The strategies are central to our clients’ ability to attract and retain key executives and ensure that their benefits are competitive with those of industry leaders. For highly paid executives, these must be creative programs which are both income and estate tax-efficient. Our professionals develop strategies that encompass financial planning services as well as benefits planning and administration to implement qualified plans and non-qualified plans and estate planning services.
Our team designs executive benefit programs to our clients’ specifications and assists clients through every phase in the process.
Determine your Executive Benefit needs and goals
- Design, fund, communicate and administer plans that attract, incent and retain key executives.
- Address reverse discrimination of employee benefits
- Maximize tax advantages
- Supplement key executives’ retirement savings
- Offer sensitivity to Profit and Loss (P&L) and cash flow
- Tailor to unique circumstances
- Explain plans to you and your executives.
- Team with legal and accounting advisors and/or introduce you to trusted advisors.
- Allow executives to defer a larger percentage of their pay for greater retirement benefits.
- Provide an executive the option to elect early retirement.
- Allow corporate directors to defer board fees into a tax efficient deferral program.
- Attract executives or directors by replacing retirement benefits lost when they leave the pension plans of former employers.
- Create “golden handcuffs” for executives, and
- Reward key employees for long service or for attaining certain business goals.
The professionals at Sapers & Wallack provide
- Needs Analysis Consultation.
- Plan Design Consultation.
Funding Alternatives and Analysis
- Plan documents and trust agreements.
- Administration and record keeping Systems and Services.
Our staff designs executive compensation plans for public corporations, non-profit organizations and closely-held firms. These plans may cover key executives as well as board of directors. This work involves:
- Designing incentive plans with appropriate funding to benefit both the corporation and key executives
- Crafting compensation packages to tie into individual estate plans
- Tying in charitable giving plans where appropriate, including establishing charitable foundations
- Deferring compensation through non-qualified plans
- Administration
- Coordinating with in-house financial and administrative departments to set up programs correctly
- Working with legal departments to plan for tax consequences of compensation programs
- Communicating with executives to ensure that they understand and appreciate their benefit plans