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.
It could cost up to 400% of a departing worker’s annual salary to replace a specialized or high-level employee.
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.
LEADING TALENT INITIATIVES
Customize agreements to help recruit, retain and reward key talent.
Align employee expectations with unique organizational goals.
Supports ERISA compliance. Can help companies pass discrimination testing.
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:
Competition for talent is increasing
Traditional recruiting strategies are 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.
Investment Advice offered through OneDigital Investment Advisors, an SEC-registered investment adviser a wholly owned subsidiary of OneDigital.