Retirement Goals Within Reach
Business owners, company officers and key executives who are vital to an organization’s ongoing success may struggle to reach retirement goals when confined by the restrictions of a traditional 401(k) plan. Inherent to a qualified retirement fund’s structure are limitations on contributions by highly compensated company owners and officers. In this case, for a company’s leaders, qualified retirement plans may not allow for adequate contributions of pre-tax income.
Executive benefit plans designed by The Mid-Continent Companies help close this “retirement gap” by enabling executives to save in a manner that supports their envisioned retirement goals.
Our experts can help you design plans customized to the needs of individual executives, while making the most of non-qualified plan tax advantages. Options include Selective Executive Retirement Plans (SERPs), Deferred Compensation Plans and completely custom structures, which may include life insurance, disability insurance and long-term care coverage.