Process & Solutions
Process & Solutions
Our specialists work strategically with clients to develop packages exclusively designed for executive-level benefits.
NQ Retirement Strategies, Nonqualified Plan Structuring
Tax Impact, Analysis and Plan Design
Supplemental Executive Retirement Plan Design (SERP), Executive Bonus Plans (162)
Nonqualified Deferred Compensation, 409a
Section 7702 Plans
NQ Stock Plans (ESOP, NSO, SARs, Phantom Stock)
Law Firm Partner Programs (POLI)
Severance Plan Design and Benchmarking, Executive Compensation
Balance Sheet Enhancement
Unique structures to recruit and retain executives
Under Insured Executives
Lack of flexibility and Inefficient plans
Gap Coverage Analysis & Funding
Higher levels of coverage for Life and Disability
Gap Coverage Analysis & Funding
Discounting, Portability
Guaranteed Payouts, Pension Alternatives
Benefit restoration
Initial Consultation
Discuss goals and objectives:
Situational Analysis and data request
Tax Impact
Eligible participants and compensation
DOL and industry best practices
Third-party administrators (TPA) discussion
Analysis & Plan Design
Summarize client goals and objectives
Review projected participant compensation
Census, benefit levels, contractual review
Gap analysis, Plan deferral projections, Investment menu overview when applicable
Compliance Analysis – ERISA, DOL, Situs, State Insurance Guidelines
Vendor / Carrier Analysis – product, systems capabilities, financials, trends
Benchmarking and tax impact analysis
Confirm Objectives
Implementation
Detailed Timeline development and management
Create custom communication materials and employee enrollment experience
Develop implementation, communication strategy and tactical plan
Manage distribution of all communications (electronic, telephonic, one one-on-one, etc.)
Taxable Investment and Corporate Owned Life Insurance (COLI) analysis
Review plan deferral projections with Finance/Treasury, when applicable
Manage, Review & Administer
Review plan deferral projections with Finance/Treasury, when applicable
Host open enrollment
Data Control and policy issue support
Ongoing development and management of administrative protocols
Annual benefit updates and New Hire enrollments
Billing support and reconciliation
Review performance and annual eligibility
Individual support