Key Employee Retention & Retirement

Learn about the target market and key features of our for-profit and tax-exempt solutions:

• Key employee benefits concept guide (PDF) | Key employee benefits plan comparison (PDF)
• Tax-exempt organizations concept guide (PDF) | Tax-exempt organizations plan comparison (PDF)

Which for-profit solution is right for your client?
Match prospects and their challenges with our solutions using the C corp decision grid (PDF) or the S corp-LLC decision grid (PDF).

Which tax-exempt solution is right for your client?
Match prospects and their challenges with our solutions using the tax-exempt decision grid (PDF).

Bonus plans are a simple and effective way to help employers recruit, reward, retain, and retire key employees. It helps top talent increase their savings for the future, while helping their employer keep them for the long term. And LLC Member and S Owner plans provide death benefit protection and tax leverage without contribution limits or restrictions on compensation. The tax leverage comes with using life insurance to finance the plan, rather than it being based on a tax code provision.

Before the sale

Use the following:

• Bonus -- Employer summary (PDF) | Term employer summary (PDF)
• Bonus – LLC Member -- Employer summary (PDF)
• Bonus – S Owner -- Employer summary (PDF)
• Bonus (Tax Exempt) -- Employer summary (PDF)

During the sale

Use the following:

• Bonus -- Sample proposal (PDF) | Request for proposal (DOC)
• Bonus – LLC Member -- Sample proposal (PDF) | Request for proposal (DOC)
• Bonus – S Owner -- Sample proposal (DOC) | Request for proposal (DOC)
• Bonus (Tax Exempt) -- Sample proposal (PDF) | Request for proposal (DOC)

After the sale

Use the following:

• Participant overview flyer (PDF)
• Participant overview (tax exempt) flyer (PDF)
• Business Market Administration services flyer (PDF)
• Request and agreement to restrict owner’s rights form (PDF)
• GI Term implementation ER email (OFT)
• GI Term enrollment EE email (OFT)

Get sample agreements to support these solutions.

Note: With LLC Member and S owner plans, a sample agreement is not necessary because the plan is implemented by and for the owners of the business.

This simple and cost-effective plan promises select employees that in the event of their death while covered by the plan, their named beneficiary(ies) will receive the death benefit specified under the plan. The business could purchase a life insurance policy on the key employees to help fund the liability, which could also provide key person coverage.

Before the sale

Use the following:

• Death Benefit Only -- Employer summary (PDF)
• Death Benefit Only (Tax Exempt) -- Employer summary (PDF)

During the sale

Use the following:

• Death Benefit Only -- Sample proposal (PDF) | Request for proposal (DOC) | Financial models: GI Term (PDF) and GI Term composite (PDF)
• Death Benefit Only (Tax Exempt) -- Sample proposal (DOC) | Request for proposal (DOC) | Financial model: GI Term composite (PDF)

After the sale

Use the following:

• Participant overview flyer (PDF) | Participant overview flyer (tax exempt) (PDF)
• Business Market Administration services flyer (PDF)
• GI Term implementation ER email (OFT)
• GI Term enrollment EE email (OFT)

Get sample agreements to support these solutions.

We offer several types of solutions that businesses can use to reward key employees:

• 457(b) and 457(f) plans. A defined contribution or defined benefit plan that offers pre-tax deferral of participant compensation and/or employer contributions, depending on plan type and plan design.
• Defined Benefit. A plan providing select key employees a supplemental retirement benefit beyond qualified plan limits.
• Defined Contribution. A plan allowing select key employees to defer compensation above qualified plan limits.
• Incentive Bonus. A long-term incentive plan that allows employers to provide additional compensation to the key employees they choose.
• Select Reward. A defined benefit plan that enables employers to promise a lump-sum-benefit to select key employees payable at the end of a predetermined service period.
• SERP. A selective executive retirement plan to benefit one to five select key employees.

Use one of two fact finders to gather client information:

• New nonqualified plans (PDF)
• Existing nonqualified plans (PDF)

Before the sale

Use the following:

• Deferred Comp – 457(b) and 457(f) -- Combo employer summary (PDF) | 457(b) opener (PDF) | Combo opener (PDF) | Combo presentation (PPT)
• Deferred Comp – Defined Benefit -- Employer summary (PDF) | Opener (PDF) and presentation (PDF)
• Deferred Comp – Defined Contribution -- Employer summary (PDF) | New plan opener (PDF) and presentation (PPT) and Existing plan opener
• Deferred Comp – Incentive Bonus -- Employer summary (PDF) | Opener (PDF) and presentation (PDF)
• Deferred Comp – Select Reward -- Employer summary (PDF)
• Deferred Comp – Select Reward (Tax Exempt) -- Employer summary (PDF)
• Deferred Comp – SERP -- Employer summary (PDF)

During the sale

Use the following:

• Deferred Comp – 457(b) and 457(f) -- For sample proposal, contact the RIS support team, (800) 952-3343, option 2.
• Deferred Comp – Defined Benefit -- For sample proposal, contact your local RVP-NQP.
• Deferred Comp – Defined Contribution -- For sample proposal, contact your local RVP-NQP.
• Deferred Comp – Incentive Bonus -- For sample proposal, contact your local RVP-NQP.
• Deferred Comp – Select Reward -- Sample proposal (PDF) | Request for proposal (DOC) | VUL financial model (PDF) | IULA financial model (PDF)
• Deferred Comp – Select Reward (Tax Exempt) -- Sample proposal (PDF) | Request for proposal (DOC) | Financial model (PDF)
• Deferred Comp – SERP -- Sample proposal (PDF) | Request for proposal (DOCX) | VUL financial model (PDF) | IULA financial model (PDF)

After the sale

Use the following:

• NQDC summary of services (PDF) | Defined Benefit summary of services (PDF)
• Select Reward participant overview (PDF) | Tax exempt participant overview (PDF) | Beneficiary instructions (PDF)
• SERP participant overview (PDF) | SERP enrollment packet (PDF) | SERP roles and responsibilities (PDF) | Customer identity verification (PDF)
• 457(b) sample participant statement (PDF)
• Plan sponsor roles and responsibilities guide (PDF)
• Business Market Administration services flyer (PDF)
• NQDC implementation and enrollment website

Get sample agreements to support these solutions.

Split dollar plans are designed to provide valuable key person death benefits to a business and personal death benefit protection to a key employee’s family. We offer two plans:

• Loan Split Dollar. A plan that uses a loan to allow key employees and the employer to share the costs and benefits of the plan.
• Endorsement Split Dollar. A plan designed to provide key person death benefits to the business, and death benefit protection for the key employee’s family.

Before the sale

Use the following:

• Endorsement Split Dollar -- Employer summary (PDF) | Combining Group Term with Guaranteed Issue (GI) life insurance (PDF)
• Loan Split Dollar -- Employer summary (PDF) | Best practices guide (PDF) | Case study (PDF)

During the sale

Use the following:

• Endorsement Split Dollar -- Request for proposal (DOC) | Acknowledgement of Understanding (DOC)
• Loan Split Dollar -- Sample proposal (PDF) | Request for proposal (DOC) | Sample financial model (PDF)

After the sale

Use the following:

• Loan Split Dollar participant overview (PDF)
• Business Market Administration services flyer (PDF)

Get sample agreements to support these solutions.