American Benefit Corporation
Executive Retirement Plans 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.
American Benefit Corporation News Room
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.
Featured Case Study
Reduce Turnover With Corporate Match
A large east coast grocery store chain employed pharmacists in each of their stores. They were experiencing 40% turnover each year within this group and wanted a benefit plan that would increase their retention.
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Retirement Plans
There are two types of retirement plans - qualified and non-qualified, which primarily relates to their tax treatment and governing regulations.
A qualified retirement plan is an employer sponsored plan that meets the requirements established by the Internal Revenue Service and the US Congress (IRC Section 401(a) and ERISA of 1974). Pensions, profit sharing plans, money purchase plans, cash balance plans, SEP-IRAs, SIMPLEs, and 401(k)s are all examples of qualified plans, though each type works a little differently. Corporate contributions are tax-deductible at the time they are made.
Among the other requirements, a qualified plan must provide for all eligible employees equivalently. That means the plan can't treat highly paid employees more generously than it does less well paid employees.
In contrast, a non-qualified plan may be available to some employees and not others. Contributions may be made by either the employer or the employee. Employer contributions are not deductible for tax purposes until employee benefits are paid. However, plan earnings are tax deferred until distribution. Mandatory federal rules that apply to qualified plans do not apply in the same way to non-qualified plans, though non-qualified plans are subject to regulation by IRC 409(A).
At American Benefit Corporation non-qualified plans are our specialty. More detailed information about the various types of non-qualified plans appears on the following pages.
Securities offered through M Holdings Securities, Inc., a Registered Broker/Dealer, Member FINRA/SIPC. American Benefit Corporation is independently owned and operated.