CONSULTATION AND PROGRAMS THAT FIT YOUR VALUES AND YOUR MARKET
Today’s economy and tomorrow’s growth projections impact compensation trends in every economic sector. EBS continuously monitors these trends, looking for connections that will help our clients stay ahead of the curve. Our consultants can provide comparative reports that demonstrate the best direction to achieve recruitment and retention goals.
Business succession planning
In a natural business cycle, a company progresses from launch as a start up to growth to a mature, established company. At each stage the owner faces different challenges and planning needs. Regardless of its stage of development, changes in one area of planning can dramatically and immediately impact other areas.
Our approach helps owners to understand and plan for these effects in the following areas:
- Business/Financial Planning
- Personal Financing Planning
- Management Succession Planning
- Ownership Transition Planning
- Estate Planning
- Business Succession Action Plan
Executive disability insurance
Given Long Term Disability Plans were initially created for the “salary-only” employee, they can be poorly suited for companies with varied employee populations who receive compensation in various forms. Highly compensated employees get shortchanged due to the lack of coverage for bonuses and other incentives. At little or no cost and without administrative hassles to the company, disability plans can be restructured to offer employees coverage that addresses these concerns during working years and into retirement.
Many corporate Long Term Disability Plans do not protect employees to the extent they expect. Benefit maximums, tax implications, and covered compensation limitations can result in benefits that are far less than expected at claim time. Our designs incorporate a combination of group and non-experience rated contracts to more fully protect employees. In many situations, our improved designs can result in an immediate cost savings and long term rate guarantees. Our enrollment procedures, quality assurance, and administrative systems set EBS apart.
Long Term Care Insurance (LTC)
While many people plan for future financial risks with life insurance and disability insurance, most fail to recognize the need for Long Term Care (LTC) coverage or do not realize that typical healthcare plans exclude it.
With the passage of the HIPAA in 1996, Congress cleared the way for LTC coverage to enjoy the same tax benefits as major medical insurance. Specifically, employers can deduct the costs of establishing a LTC program.
EBS customizes LTC product offerings to provide executives with affordable and practical coverage. We work with many top insurance carriers to help acquire competitive products and help adapt them to fit the specific needs of our clients.
Features may include
- Skilled in-home care
- Facility-based care
- Tax-free benefits
- Inflation protection
- Premiums waived during disability
Recruiting and retaining qualified employees poses a challenge for many companies because compensation structures are frequently the decisive factor for individuals entertaining offers of employment and advancement.
One of the best ways to determine whether compensation structures are providing the maximum benefit to both the company and its candidates is to obtain an independent third party analysis of employee compensation industry wide. EBS’s consultants provide this informative analysis through an in depth study.
EBS’s team of compensation experts analyze the structures in place and provide alternatives and enhancements, to help employers recruit the best candidates. In addition, we assist in developing compensation plans that provide our clients with tax saving benefits.
Our compensation studies include analysis of base compensation across an industry, as well as analysis and recommendations on Incentive Compensation Programs, Qualified Retirement Plans, Nonqualified Deferred Compensation Plans, and other benefits, incentives, and perquisites that relate to the various positions in a firm.
The analysis and recommendations EBS provides are powerful tools in designing the most competitive and motivational compensation structures that a company can offer its candidates and current employees.
Stock Appreciation Rights (Sars)
SARs provide flexibility in stock-based deferred compensation plans. A SAR eliminates one of the major problems associated with stock options and stock purchase plans, which is that the executive must actually spend money or otherwise commit to acquiring the company’s stock.
Estate and Financial Planning
But who is watching out for the executives’ long term financial security?
EBS professionals provide comprehensive, individualized, personal financial planning for the people who run organizations. With our assistance, executives can be confident that their financial needs are being addressed and they can focus their attention on what they do best, managing the company to its fullest.
Personal financial planning services include:
- Goal Setting
- Cash Flow Management
- Debt Management
- Compensation Planning
- Stock Option Planning
- Income Tax Planning and Preparation
- Retirement and Benefits Planning
- Education Funding Planning
- Estate and Gift Planning