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SERPs are nonqualified deferred compensation with distinct advantages that reward select executives and tailor benefits as needed. Download this white paper as a resource for your company's next executive benefit discussion.

One retention and reward plan that companies have used for many years is simple in its design and just as simple to understand: the SERP. Check out this recent article by John Gagnon to learn more. 

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A SERP is not for retirement only. Learn what a SERP is, how it works and why companies choose SERPs as a reward and retention strategy for key employees beyond just retirement. 

SERPs provide an attractive benefit to highly compensated employees that is economical for the company and produces a strong motive for retention. Learn more about SERPs beyond the basics in this advanced topic piece.

Employee turnover leads to productivity loss, so it is no wonder retention is a top concern for most businesses.   

When an employee leaving the business is a key person, the impact often expands beyond productivity to include client relationships, financial loss and employee morale, among other areas essential to business performance and the bottom line.  

A comprehensive employee retention program can play a vital role in attracting and retaining key employees by reducing turnover and the many related costs. 

It is more efficient to retain a quality employee than to recruit, train and orient a replacement employee of the same quality.  

For many businesses a nonqualified benefit plan, such a SERP, can help provide a meaningful benefit to your most valued employees while offering business protection against the loss of your company's top talent.

This material is intended for informational purposes only and should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney, tax advisor, or plan provider. File#5603181.1