An executive deferred compensation plan can be a valuable supplement to a company’s 401(k) plans.  Such plans are very often referred to as Non-Qualified Plans, and are thus not subject to ERISA’s non-discrimination regulations.  EPIC Retirement Services Consulting can assist Plan Sponsors in designing and implementing a plan to give you an edge in recruiting and retaining valuable executive leadership and offer key executives information and education that will help them understand and appreciate the value in participating in such a plan in their strategy to build wealth and a tax-efficient way to supplement their retirement. 

EPIC offers high-quality consulting, asset management, communication and education services:

Support

• Seasoned assistance with plan design and implementation.

 
Investment  Advisory Services

• Total flexibility to choose investments, with unbiased recommendations to enable sound choices.
• 409(a) Compliance Assistance – review of your non-qualified plan in relation to the requirements of IRS Section 409(a)

Communication and Education

• Custom communication and education programs to reach employees.

With our 50 years of combined experience, EPIC’s financial professionals can tailor plans that will allow  the company to reward selected executives and allow these selected  highly compensated individuals the ability to:

• Defer taxes;
• Save additional monies for retirement over the 401(k) and Profit Sharing Plan limits

In addition, those invited to join the Plan, may enjoy benefit equalization, not subject to IRS limits, through company-matching contributions.

By definition, estate planning is a process designed to help you manage and preserve your assets while you are alive, and conserve and control their distribution after your death according to your goals and objectives.  But what estate planning means to you specifically depends on who you are.  Your age, health, wealth, lifestyle, life stage, goals and many other factors determine your particular estate planning needs.

Upon request, EPIC Retirement Services Consulting can provide you with individual wealth management services including:

• Integration of corporate benefits with individual estate planning objectives

• Customized planning – exploring
       Irrevocable Trusts
       Leveraged Gifting
       Discounted Valuation
       Charitable Planning Techniques
       Durable Power of  Attorney
       Advanced Medical Directive
       Life Insurance

• Estate Planning – Planning your estate requires thoughtful consideration of a number of key issues.
       Selection of Beneficiaries of the estate, Executor of your Will, Guardians of your children
       Strategies to avoid probate costs
       Arrangement to save death taxes

1. As an employer, offering Executive Life Insurance may help meet goals of attracting, rewarding and retaining top executive talent.
2. As a business leader, you may compensate the business for financial losses that would arise from the death or extended incapacity of an important member of the business.

Key Person Insurance
This is a generally a standard life insurance policy that is used for business succession or business protection purposes.  These policies are usually owned by the business and the aim is to compensate the business for losses incurred with the loss of a key income generator and facilitate business continuity.

Corporate Owned Life Insurance (COLI)
This is life insurance on employees’ lives that is owned by the employer with benefits payable either to the employer or directly to the employees’ families.

Term Life Insurance/Whole Life Insurance/Universal Life
These represent choices for individual policies that generally benefit family members or others named as beneficiaries.

All of the above come with specific eligibility and other requirements, tax treatments, funding, loan provisions and advantages.

EPIC Retirement Services Consulting can help identify your needs and offer guidance to help you navigate this complicated benefits arena to select better choices for your executives and business.