As mentioned in the previous article, two problems that smaller corporations face when competing with larger companies are hiring and retaining key employees, and inadequate retirement benefits offered to key employees and owners. There is a common solution to this problem: A Selective Executive Retirement Plan (SERP). SERP Benefits and Funding A SERP is tailor-made … Continue reading Small Business: Utilizing SERPs to Compete with Corporations
A Selective Executive Retirement Plan (SERP) is the solution to a problem faced by many smaller corporations: difficulty in hiring and keeping key executives and an inadequate qualified retirement plan benefits payable to key executives and owners. Most businesses that are successful have at least one key employee who is responsible for the growth and … Continue reading Are SERP Benefits a Solution for Small Business?
Successful businesses and key employees go hand in hand. Often, a successful business has at least one key employee who is responsible for the success or failure of the business. If a business loses one of these key employees, a business can experience several problems. Reduction in Earnings – If a few key employees are … Continue reading What is a Selective Executive Retirement Plan?