Benefits Matter
Your employees matter
Attract the best and reward them accordingly.
Fortune 1000 type benefits are designed to attract, retain and reward employees. Benefits include non-wage compensation. Benefits can serve two purposes, provide protection and create wealth over time. You employees deserve both.
Benefits can be classified as traditional benefits and non-traditional benefits. They can also be classified as qualified and non-qualified benefits.
Traditional benefits include salary, health, vision, dental insurance and retirement plans.
Non-traditional benefits include time off, perks, and profit sharing.
Qualified benefits include all benefits provided where the employee gets a current tax deduction in that year, tax deferral and tax due when the money is taken out at then current income tax rates. An example of this is a 401K.
Non-qualified benefits include benefits where you do not receive a current tax deduction, usually receive a tax deferral on gains and tax free access to gains through loans
Contact me to learn how.