EXECUTIVE RETIREMENT PLAN
Your key employees make the decisions, lead the team, and drive the profits. Shouldn't taking care of them be one of your highest priorities? Wachovia Executive Retirement Plan is a supplemental retirement plan specifically for your executives that allows them to set aside additional money beyond qualified plan limits. The program costs you, the employer, little, but brings a whole new level of tax-deferred retirement benefits to your key employees.
Here's how it works. Your executives contribute what they want on a pre-tax basis, but do not pay tax until the distributions are received. You as the employer may also contribute on behalf of your executives, and may take a tax deduction when the funds are distributed, usually at retirement.
Executive Retirement Plan is a fully bundled, "soup-to-nuts" non-qualified plan that can be customized to your needs.
Executive Retirement Plan Benefits
- Our non-qualified plan consultants consult with you (in conjunction with your legal counsel) to determine the most appropriate plan design.
- You receive a single point of contact for all of your plan administration needs.
- Investments include selections from some of the most recognized and respected fund families in the country.
- You as sponsor receive customized quarterly performance reports in a choice of formats, and can review and retrieve data electronically in real time.
- Participants can check balances and make transfers online or by phone.
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