Are your executive benefits offerings competitive in your field?
Regulatory limits on social security savings and qualified plan contributions can put highly compensated employees at risk of their retirement savings falling far short of the earning levels they achieved pre-retirement. To help fill the retirement savings gap and incentivize employees to stay for the long run, business owners look to nonqualified deferred compensation plans (NQDC) and other executive benefits strategies as a part of their competitive offerings.
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It could cost up to 400% of a departing worker’s annual salary to replace a specialized or high-level employee.
Powerful Tool for Leading Organizations
OneDigital empowers employers to manage benefits as a business within their business, developing a strategy that not only impacts their bottom line but evolves to meet the changing needs of their workforce.
Customize agreements to help recruit, retain and reward key talent.
Align employee expectations with unique organizational goals.
Reduce retirement income gaps and allow more choices in long-term tax planning.
Offering employees opportunities to create holistic, long-term financial plans can be great way for employers to keep their workforce focused on the future and committed to reaching positive retirement outcomes.
Using these powerful tools, employees can:
Traditional recruiting strategies may no longer enough to ensure that your business is incentivizing key talent and positioning your business for long-term success. Contact OneDigital to build a high performing business strategy to help attract, reward and retain leaders and position your organization for the future.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. Any tax advice contained herein is of a general nature. You should seek specific advice from your tax professional before pursuing any idea contemplated herein.
Some of the Financial Professionals associated with OneDigital are registered representatives of and offer securities through Valmark Securities, Inc. a registered broker-dealer, Member FINRA / SIPC. Additionally, some OneDigital Financial Professionals are also Investment Adviser Representatives and offer advisory services through Valmark Advisers, Inc., an SEC registered investment advisor. To help public members determine the specific registrations associated with our Financial Professionals, we recommend reviewing the Broker Check Link that provides insight to the securities registration and company affiliation of our Financial Professionals. Please note that while the individual Financial Professionals can be associated with multiple financial services organizations, the products and services of those independently owned and operated entities can be separate and segregate. OneDigital is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc.
Investment Advice offered through OneDigital Investment Advisors, an SEC-registered investment adviser a wholly owned subsidiary of OneDigital.