American Benefit Corporation
Case Study 1 - Deferred Compensation Plan American Benefit Corporation specializes in developing strategic solutions to executive benefit needs.
At American Benefit Corporation, we design, fund and manage executive non-qualified benefit plans for highly compensated corporate executives who wish to reduce current income taxes and form personal capital on a tax efficient basis. Established more than 30 years ago, we serve the unique needs of executives in numerous corporations with their personal capital formation objectives.
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American Benefit Corporation and its representatives are presently licensed to operate in particular states of jurisdiction and may operate only where licensed and, with regard to any particular product, where that product has been approved. American Benefit Corporation and/or James W. Herlihy are currently licensed to market insurance and investment products in Arizona, Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Vermont.
The insurance and/or investment product information on this site is not intended for distribution or use in any states or jurisdictions where our company, its products, or representatives are not so licensed or approved.
Securities offered through M Holdings Securities, Inc. A Registered Broker/Dealer, member FINRA/SIPC. American Benefit Corporation is independently owned and operated.
American Benefit Corporation is a member of M Financial Group. Please go to www.mfin.com/DisclosureStatement for further details regarding this relationship.
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A Flexible Retention Tool
A privately held international consulting company had a group of approximately 100 highly compensated consultants they were hoping to retain on a long term basis. American Benefit Corporation implemented a deferred compensation plan where the participating executives could defer a percentage of their pre-tax base and bonus compensation. The company agreed to make discretionary plan contributions each year that were dependent upon the company and individual achieving predetermined goals. These company contributions are subject to a vesting schedule which serves as a retention tool.
The executive plan participants were concerned with their status as unsecured creditors of the corporation so the plan document directed that all vested account balances be paid out in full every five years unless the executive elected against the distribution thirteen (13) months in advance of its payment and then it was deferred for another five years. This strategy provided the greatest flexibility while minimizing the exposure for the executive.
Securities offered through M Holdings Securities, Inc., a Registered Broker/Dealer, Member FINRA/SIPC. American Benefit Corporation is independently owned and operated.