Key Executive Retention Plan
Retaining Top Talent
Implementing the Key Executive Retention Plan, an employer-funded supplemental retirement plan for key executives, provides benefits for both the company and its executives at retirement. Funding the program with corporate-owned life insurance can provide full cost recovery for implementing the plan for the company, including costs associated with the lost use of capital.
Benefits for the Company
- Provides strong financial incentive for participants to remain with the company long-term
- Allows flexibility for the company to select participants and to determine benefit timing, vesting schedule and contribution amounts
- Supports favorable balance sheet and income statement treatment of the plan with the ability to recover all plan costs fully
Benefits for the Executives
- Positions executives to earn substantial additional retirement income
- Enables executives to defer income tax until the benefit is paid
- Allows executives to actively manage the account balance during plan participation like they manage their 401(k)s
Connect with a Trusted Executive Benefits Advisor
Rich Vogel
Managing Director, Executive Benefits
Contact Rich Vogel
Atlanta
Bob Kelleher
Senior Vice President Employee Benefits
Contact Bob Kelleher
Toledo