Whether it is healthcare, high tech, bio tech, not-for-profit or the neighborhood coffee shop, hiring and keeping good employees is both a financial and human resources challenge.
A major focus for Secure Benefits Northeast, LLC is designing programs that attract, retain and reward key employees, especially those whose compensation and position call for commitment and long term service.
These plans can be designed for individuals or groups/categories.
Sometimes called “golden handcuffs”, terms typically include tailored incentives that:
Tax exempts ranging from healthcare to social welfare to research to education to the arts also face a highly competitive marketplace and have need for recruiting and retention tools.
While there are Internal Revenue Code provisions that must be followed, they are not as limiting as those applicable to pension, profit sharing, 401(k) and 403(b) plans with a lot of flexibility for participation and design.
We work with your legal counsel and accountants to make sure that the Plan is properly established, documented and funded.
After implementation, we establish an agreed schedule for reviewing the Plan to see if it continues to meet goals as well as maintaining appropriate values over time.
