Are your executives concerned about the retirement savings limits of 401(k) plans?
Do you want to recognize exceptional performers and create "golden handcuffs" for certain key employees?
Companies can reward and recognize key employees with executive deferred compensation plans.
Code 415 limitations impact how much top earners can save for retirement through 401(k) plans However, through Section 409 (A), well designed SERPs (Supplemental Executive Retirement Plans) and voluntarily salary deferral programs can help executives in your organization put more money away for retirement and help you provide programs that reward service longevity.
Deferred compensation plans can also be a effective recruiting tool and FRS Capital Management can assist with the design, implementation, administration and investment management of these plans.