Employee Benefit Consulting,
LLC of Mid-America

Employee Benefit Consulting
1555 West Oak Sreet
Suite 100
Zionsville, IN 46077
Phone: (317) 727-1175


  
 
Retirement Plans

• 401k

• Pension Plans
        - Defined Contribution
        - Defined Benefit

• Profit Sharing

• Executive Deferred Compensation
        - A written contract between an employer and an employee.
        - The employer rewards and retains select employees.
        - The employee enjoys income tax deferral.
        - There are two broad categories: Salary Reduction & Salary Continuation

Nonqualified Deferred Compensation
- How it Works

  • The employer will purchase, own and be sole beneficiary of a life insurance policy on the employee's life.
  • The employer's promise to pay benefits is unsecured.
  • The life insurance policy cash value and any death benefit remain subject to the claims of the creditors of the employer.
  • Benefits are paid to the employee when certain conditions are met, or occurrence of stipulated event, such as retirement.
  • Survivor benefits are paid to heirs if employee dies before retirement or before all retirement benefits are paid.

We recommend that you consult with your own tax or legal advisors for counsel about the concepts presented in these materials.  Neither the insurer nor your agent may give you legal or tax advice.

 
© Employee Benefit Consulting