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BUSINESS PLANNING DIVISION
Implementing the right strategies means you are more likely to be free of worries and able to concentrate on your business goals and dreams.

Part of what you'll need to think about will be positive — like rewarding your employees and top executives with benefits and bonuses. But you should also be prepared for the negative, like employee disability or the death of a business partner.

Executive Compensation
An effective executive compensation plan is a way to tell your most important people that you rely on them — and, although it may surprise you, that's what motivates them to stay. A study by the American Management Association found that the majority of senior employees who change jobs do so to take on more responsibility. These employees want to feel that a company recognizes the vital role they play. Creative executive compensation sends that message loud and clear to those who matter most to you.

Business Protection
Illness or injury, whether your own, a business partner's, or an employee's can derail your business. The solution is to prepare now, especially by considering the various disability plans that can help protect your business today and in the years to come.

You may think you're all set because of disability income insurance through Social Security and Workers' Compensation. But Social Security probably won't provide enough to maintain the standard of living that you, your family, or your employees and their families are used to — and that's if you qualify. Workers' Compensation doesn't cover sickness or off-the-job injuries, and payments are low and usually last a few years at most. So take steps now to avoid trouble in the future.

Retirement Plans
The best retirement plan for your business depends on how your company is organized — whether it's a proprietorship, partnership, or corporation. When it comes to choosing a plan, think about how you'd like to fund the plan, how much you and your employees want to contribute, how much you will be required to contribute for employees, and whether you want to take on some of the bookkeeping tasks yourself in order to reduce costs and increase your choices.

Some of the products you might be familiar with are:
401(k)s
Qualified and Non-Qualified Plans
Employer-Funded Plans
IRAs
Split-Dollar Plans
Executive Bonus Plans
Deferred Compensation

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