Supplemental Employee Retirement Plans (SERP)
A SERP provides the additional benefits desired by executives, and they allow you, as the employer, to maintain control. By implementing a plan that imposes “golden handcuffs” – restrictions that can reduce or even cause the loss of benefits for the executive if they leave your firm – you ensure a cost-effective method of rewarding and retaining talented management.
Other types of Executive Benefits:
+ Executive Bonus Plans
+ Split Dollar Plans
+ 401(k) Look-Alike Plans
+ Nonqualified Deferred Compensation Plans
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