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Companies seeking to attract and retain valuable executives in a competitive environment can improve executive benefit options by adding nonqualified benefit plans. These plans can provide tax benefits and are an important element of compensation programs for critical employee groups.
Helping Create Enticing and Effective Nonqualified Benefit Plans
Wachovia Executive Benefits Group has more than 30 years’ experience in the nonqualified plan market. We work closely with you to evaluate your organization’s needs, then help develop a plan tailored to meet current business objectives—while also considering the tax planning, retirement funding, and equity needs of employees.
Click a topic to learn more about our nonqualified benefits solutions:
Consulting and Plan Design
Plan Management and Administration
Our consultants work closely with you to evaluate your organization’s deferred compensation program needs, and to help you develop a plan tailored to your current business objectives. Our process involves a proven implementation methodology, evaluation of multiple funding strategies, and a thorough administration analysis.
Communication and enrollment materials can be customized for your specific plan and participants. Our enrollment and underwriting packages—as well as our interactive Web site—make it easy for employees to get details they need to make informed choices.
Plan Management and Administration
Our plan administration and communication model was developed with one primary goal in mind: your convenience. Plan responsibilities are handled through a team approach with our nonqualified plan experts, so that you’re assured comprehensive service as a plan sponsor. Both sponsors and participants also have online access to plans, as well as dedicated telephone support.
The method you choose to fund your nonqualified benefits directly affects plan costs and your company’s financial statements. Let us help you evaluate tax planning, liability issues, and participant concerns associated with each of these benefit funding alternatives:
Choosing to secure future benefits with company assets provides plan participants with a greater measure of security. Wachovia Executive Benefits Group can advise you on the topic of benefit security and assist you in making a decision about how to secure future benefits.
Extensive experience as trustee for rabbi trusts and secular trusts means you reap the benefits of our understanding of regulatory rules and trustee responsibilities. We can also help manage ongoing trust administration, benefit payments, stock distributions, and trust reporting. Having managed a significant number of change of control and change of heart events, we are uniquely qualified to assist our clients during these critical times.
Contact Us
Wachovia Executive Benefits Group
(800) 887-1562
8:00am - 5:00pm ET
Monday - Friday
executive.services@wachovia.com
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