Executive Benefit Services

Offering thoughtful strategies to help you recruit, retain, and reward your top talent.

DEFINED BENEFIT     DEFINED CONTRIBUTION     OVERVIEW

Your most VALUABLE resource is your people and, among them, the most strategic, the most CRUCIAL to retain, and the hardest to replace are your executives.

Executive Benefits

Significant risk may hide in your executives’ benefits plans:

  • Standard group coverage for long-term disability often won’t replace bonus income which makes up a significant portion of executive compensation.
  • Standard group coverage for life insurance is also based on salary, not bonus, and often has a cap of $500,000.
  • A target retirement income replacement rate of 85% can’t be reached for many executives based on contribution limits.

Services

Turn to Lockton Advisors for help identifying risks, developing a plan design and funding strategy, and securing the coverage to recruit, retain, and reward your most valuable assets.  Ask us about opportunities with:

  • Nonqualified and Supplemental Retirement Plans
  • Benefits Restoration
  • Key Employee Protection
  • ESOP Repurchase Liability Financing
  • Insurance Company Owned Life Insurance (ICOLI)
  • Corporate Owned Life Insurance (COLI)

Comprehensive Advice

Executive benefits work in concert with core retirement and other programs to deliver a holistic employee experience. Lockton Advisors have the multi-discipline expertise to help you manage the big picture.

Case Studies

Nonqualified Plan Restructuring: Resolving the deficit, lowering administration costs, and mitigating risk.

Executive Benefit + Key Man Coverage: Increasing coverage for executives and generating tax-free death benefits.

Insights

IRS Tightens NQDC Plan Scrutiny

Despite the relatively informal regulation of nonqualified plans, plan design and administration missteps can have enormous consequences.

Personalized Participant Communication and Education

Executive benefits are no longer just for the C Suite.  More and more, critical employees can be found throughout the organization.  These well-compensated executives not only face the greatest risks of benefits coverage gaps, but their supplementary benefits can also be the most difficult to explain.

Lockton Advisors have decades of experience working with senior executives in group and one-on-one settings.  Let us explain your programs with terms your leaders will understand and in the fast paced manner they will appreciate.  And, because nonqualified plans can be so individually tailored, we take the time to help your senior executives understand, on a case-by-case basis, the importance of all that your organization has to offer them.
 

Financial Liability and Financing

With a team of national experts, Lockton Executive Benefit Services can help you benchmark current plans and consider new strategies based on proven best practices from down the street and across the country.

  • Nonqualified Retirement (409A and 457) Plans
  • Corporate Balance Sheet Enhancement Strategies:
    Corporate-, Bank-, and Insurance Company-Owned Life Insurance (COLI, BOLI, ICOLI)
  • Supplemental, Carve-Out and Individual Life and Disability Insurance
  • Estate and Business Succession Planning
  • Plan financing analysis and modeling
  • Tax impact analysis

Navigating Assets, Liabilities, and Tax Opportunities

There is tremendous flexibility when it comes to financing executive benefit plans, but complexity often follows close on the heels of flexibility.  Your Lockton Advisor can help you decide whether and how to finance your corporate liability.  We work with investment managers and insurance issuers across the country.  Let us do the tax implication modeling and find the solution that is right for your business.

Strategic Monitoring and Research Tool

LockSMART is a proprietary investment database providing customized investment analysis, selection and monitoring.

Contact Us

When you are ready to talk, call us at 816-960-9000, or get in touch online. We will quickly connect you with the nearest Advisor so you can get the help you need, right away.

Find an advisor near you.

Disclosures

Securities offered through Lockton Investment Securities, LLC a registered broker-dealer and member FINRA, SIPC. Investment advisory services offered through Lockton Investment Advisors, LLC, a SEC registered investment advisor. For California, Lockton Investment Securities, LLC, d.b.a. Lockton Insurance Services, LLC, license number 0G13569.

Check the background of this firm on FINRA's BrokerCheck.

Business Continuity Program.

Privacy Policy and other Disclosures.

If you have an issue or concern please contact:

Karen Prange
Chief Compliance Officer
Lockton Retirement Services
816.960.9000

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Read more in the Lockton Newsroom
See our Client Stories

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