BUSINESS SERVICES
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Employee Benefits
Your employees deserve benefits that reward their dedication and help secure their employment – but choosing the right benefits package isn't always an easy task. We can help you with this important decision. Our licensed consultants specialize in providing what we believe to be the most comprehensive employee benefit solutions available in the market. You'll get unbiased and thoughtful solutions because we represent our clients, not insurance companies.
Whether you have an existing benefits package and would like a complimentary review, or you are considering offering employee benefits for the first time, the professionals of Equity Planning Inc. can help.
Our portfolio of offerings includes:
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short and Long-term Disability Insurance
- Long-term Care Insurance
- Voluntary Benefits
Offerings through Lincoln Financial Securities:
- Group Retirement Plans
- College Savings Plans
Buy-Sell Strategies
Buy-Sell plans are written agreements made between the partner and shareholders of businesses that specify buy-out provisions caused by death, disability, divorce, bankruptcy, voluntary termination, or company dissolution. The execution of a buy-sell agreement secures a number of tangible benefits for the shareholders, including:
- Continuity of management and control for the remaining owners
- A ready market for typically non-marketable business interests
- Liquidity to the decedent's estate for estate taxes and administration costs
- A fair valuation of the business interest for federal estate tax purposes
- A fair return to the decedent's estate for business interests
Business Succession Planning
A key goal of many of our business owners is to one day transfer their business interest to either family members or key employees. When properly executed, this type of planning can offer to both the current and successor owner a worry-free, tax efficient method of business succession.
Furthermore, the loss of a business owner through death or disability can catch even the most efficiently managed small companies off guard and, worse, unprepared to deal with the repercussions. Family businesses in particular are susceptible to erosion of capital due to estate taxes and legal fees, not to mention the possible hurdles of voting control being scattered among heirs with conflicting points of view impeding the business' operation and growth.
We can provide a professional evaluation of your current situation, and implement a plan that is designed to help avoid and mitigate issues that could arise in the future.
Executive Compensation
Non-qualified, deferred compensation programs are typically employed to provide supplemental retirement benefits to senior management. These programs typically include selective incentive plans, wherein the company makes contributions to fund the plan on behalf of selected employees. Executive compensation plans are a popular vehicle to attract and retain key individuals of your company.
Risk Management Analysis
Implementing a risk management program is fundamental to a company's ability to protect itself against the loss of key personnel through death or disabling injury or sickness. We offer our experience on selecting life and disability insurance coverage for such a program.
We conduct a financial security analysis to determine the appropriate protection for companies and their key executives. This process involves evaluating risk management needs and then balancing them with living or wealth accumulation strategies. We design risk management programs to be affordable, to fill corporate and individual needs, and to be flexible enough to change as your business needs change. Our analysis also involves a review of any existing coverage to ensure that it is cost effective and reflects up-to-date features and benefits.