Deferred Compensation

Deferred Compensation

Deferred compensation plans provide extra retirement benefits to selected employees, as well as additional life insurance benefits to the employee's family. These plans can be an appealing way to cut tax liability while offering added benefits for employees. Funding for a salary continuation plan is paid by the employee. No taxes are owed on these funds until payment
is received.

Sweetening
the
Pot
Benefits of Deferred Compensation
Ideal for a Variety of Businesses Alleviates benefits issues for these types of companies:
  • C-corporations
  • Firms that want to offer more competitive benefits
  • Companies with employee 401(k) plans that are restrained by IRS limitations from making maximum contributions
Focused Compensation

You decide which employees will be included in the plan.
Enhanced Benefits

These attractive plans can help you compete for and retain executives and key employees.
Tax Deductions
  • Benefits paid out can be deducted by your corporation.
  • Plans are tax deferred for employees.
Cost Recovery

Your corporation is the owner, premium payer, and beneficiary of the life insurance policy.
Payment Flexibility
  • Provides benefits to executives at retirement
  • Provides death benefits to their families
Minimal Fees
  • No fees charged by BB&T Insurance Services
  • Pay only the attorney’s fees for drafting documents

Speak with a BB&T Insurance Services agent to learn more about the right programs for your business.

Make solid investment decisions.
We can help.

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