Executive benefit plans are a valuable supplement to a company’s benefit plan package. Not only do they help to retain and reward key executives, but it also gives employers an edge when attracting and recruiting new talent.
Executive benefit plans allow key executives the most effective way to accumulate wealth and save for a retirement suitable with their current lifestyle. Business owners can also pick and choose who participates in the plan and can customize a specific plan for each executive. Nonqualified plans also provide significant tax advantages, both for employees and businesses. Often, plans can be designed with no impact to the company balance sheet, and over time can actually improve it.
For over fifty years, Pen-Cal has provided corporate and financial institutions with solutions to Minimize the financial impact of providing executive benefit plans. Our experience allows us to determine the most efficient financing strategy for our clients'
based on their goals and objectives and financial requirements. Our proprietary analysis gives a clear picture of the financial impact of implementing an executive benefit plan from a cash flow, income statement, and balance sheet perspective.
It is important to provide benefit offerings to employees at every level of an organization. We specialize in the design of fiscally responsible plans that allow companies to attract, retain, and provide for the retirement years of every employee.
These plans come with a host of legal requirements and administrative complexities. With years of industry experience, we know how to navigate these complexities and craft solutions that are specific and unique to each employer. No two plans are alike, and we offer the flexibility and technology needed to ensure each plan matches a companys overall benefits goals and philosophies.
We are SEC 22c-2 compliant & our open architecture platform allows access to the entire mutual fund universe (26,000+ funds) and are linked to trade and rebalance them on a same day/late day trading basis, making us unique.
Pen-Cal has developed time-based investment models. These Models are 2, 5, & 7 years in duration and are used by participants to help navigate the 409A deferral and distribution rules with greater ease and understanding.
Using the Pen-Cal Process, we explore all funding alternatives without any prejudice, and offer our clients the full universe of COLI products and or taxable investments available without
without recommending or favoring any insurance carrier or taxable investment over another. Additionally, we are linked to nine different COLI carriers which allows us to trade on a same day/ late day basis.
has been the effort to form strong, long term relationships with other organizations that have existing clients and have identified a need to develop their qualified plan program or a program for Executive Benefits or key employees. These organizations include financial service companies such as Morgan Stanley, UBS, VOYA, Transamerica, Capitas, Nationwide Life, Lincoln Life, CBIZ and many others, both large and small. In addition to selected service options, Pen-Cal has developed a turn-key deferred compensation solution in conjunction with Nationwide Life, that has been thriving in the market for 15 years.