In a competitive job market, companies need a plan for recruiting and keeping top performers. Houghton Financial Partners is experienced in creating plans that help companies of all sizes attract, motivate, and retain key executives or top performers.
To accomplish this, we can help you create a custom executive benefit plan that is as expansive or focused as you want it to be. Such plans may include non-qualified retirement plans, like a 401(k) overlay, deferred compensation plans, or insurance benefits such as executive life insurance or disability and long-term care insurance.
Attract, Motivate, & Retain
Offering these plans can have a significant impact on executive recruitment and performance. Many traditional retirement plans discriminate against top earners with caps on income, benefits and yield, so adding on qualified plan options for executives supports these individuals in planning for retirement.
If you are looking to motivate your executive team in an ongoing way, there is significant value in tying that executive’s compensation or bonus directly to the performance of the company. These are steps you can take to invest in the future of your company by retaining and incentivizing your key players.