Schiff Benefits Group, LLC, Matthew E. Schiff, An Executive Benefits Consulting Company

Employer Plans

Employer Deferral Account Plans

 

Defined Contribution:  The employer may make an employee elective contribution that is based upon one or more of the following:

· Formula of Gross/Net Income
· Formula of Gross/Net Sales
· EBIDTA
· Net profit (Phantom Stock)
· Etc.

Defined Benefit:  The Employer promises to provide a set amount of income (percentage of salary or fixed amount) and is committed to funding the obligation over a set number of years (determined by the employer’s needs)

In combination with employee elective deferrals plans, these plans can provide a meaningful “golden handcuff” that can help a company attract, retain and reward their key employees.