Why Does Executive Benefit Benchmarking and Strategic Planning Matter So Very Much?
On the surface, two executive benefits plans may appear equal. Yet, when skilled executive benefits professionals analyze the plans, disparities become glaringly obvious. Cost to the company, reward to the executive, flexibility of benefits, and tax ramifications can vary drastically.
Plan sponsors typically work diligently to decrease the costs of qualified retirement plans, healthcare plans, and other welfare benefit offerings. But do you or your company apply the same level of scrutiny to your executive benefits strategies? Do you know how your plans measure up to your peer company benchmarks?
What would improving earnings per share do to your stock price? Are there pennies hidden in the design, cost, or efficiency of your executive benefit plans?
Executive Benefit Benchmarking and the Power of Looking Behind the Curtain
When a company maximizes the effectiveness of its nonqualified deferred compensation strategy, it improves continuity, reduces vulnerability to talent loss, and increases earnings. Executives are positioned to achieve their personal financial goals and a meaningful partnership is built between key talent and the plan sponsor.
When our executive benefits team reviews your existing benefit plan, you incur zero cost for our services. We will not tie up your time and resources while doing our job.
You gain either the market advantage that comes with confidently knowing you have this aspect of your business under control, or the precise and powerful information you need to customize your executive benefit offerings, eliminate gaps, and realize your objectives going forward. You have so much to gain.