Professional Firms
Providing employee benefits for partners and associates at professional firms such as law firms and accounting firms can be a challenge. Employees at professional firms are often highly paid and are restricted by the ERISA limitations from deferring as much of their salary as they would like for retirement. In addition, firms contributing a percentage of salaries as a match can be a large expense for the firm. Copperstone Benefit Planning utilizes nonqualified deferred compensation plans that are not subject to the ERISA requirements and allow the employees to defer virtually any amount the company allows. Lifting this restriction enables the highly paid professionals to adequately save for retirement.
Copperstone Benefit Planning can help professional firms structure their employee benefit plan to improve employee benefits while increasing the value of the firm and improving cash flows. By properly structuring the plan, your employees can provide financial protection to their families with pre-retirement and post-retirement death benefits that give them the peace of mind that loved ones will be looked after in the worst scenarios.
To begin a conversation with Copperstone Benefit Planning to find out more and learn how your firm’s and your employee’s benefits can be improved, contact us now.
