Executive groups often face challenges.

Limitations frequently restrict benefits for executives, making it difficult for them to reach their Financial Independence objectives.

Attracting, Rewarding, and Retaining strategies should be designed with these challenges in mind. Legacy can help.

How we help you:

Legacy can provide high-level, close interaction with executives along with comprehensive plan design and funding strategies so that executives can adequately save.

Types of Executive Benefit Plan we offer:

Nonqualified Deferred Compensation

This plan is designed to reward executives in a tax-advantaged environment. Contributions can be made on behalf of eligible participants. Plan design often includes the attainment of financial targets to qualify for contributions. Vesting requirements create a strong retention effect for the company. The key to the design process is to determine the company’s objectives.

Nonqualified plans are put in place to recruit, retain, motivate, and/or reward key employees, and they work to compliment an employee’s qualified retirement account as an additional source reservoir for retirement savings.

Supplemental Executive Retirement Plans

A Supplemental Executive Retirement Plan (SERP) is for a selective group of top-hat participants that can restore frozen pension plan benefits. These plans often supplement the employee's qualified plan and Social Security benefits.

Disability Income Protection Solutions

Long Term Disability plans are often created for all employees, but typically only cover a percentage of base salary. Variable compensation is often excluded from coverage, and various limitations can result in benefits that are far less than expected. Our designs incorporate a combination of group and non-experience rated contracts to better protect employees.

Executive Life Insurance

Permanent life insurance provides employees high-value supplemental coverage and can provide benefits that are not typically available in group plans. The Legacy process strives to provide a better mix of coverage to reduce the shortfalls of experience-rated group plans while reducing the company’s premium risk.

We know what it's like to experience all types of risk.

We have seen how proper risk management enables participants to navigate all areas of risk so that they stay on the right path.

To get started, schedule a call with us today!