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Good NSI Benefit Plans Can Attract Better Employees

When an applicant looks for employment, the two most important factors they consider are salary and benefits. North Shore Insurance Associates will help you obtain and retain better employees by setting you up with an affordable and attractive employee benefits package. Our plans will incentivize your business, attract quality employees with higher skill levels, boost productivity and ensure loyalty that pays off in more profitability for years to come.

From group health, life and disability plans to comprehensive employee and executive benefit plans, we have you covered.

Employee benefits may include but are not limited to:

  • Health insurance
  • Dental insurance
  • Disability insurance
  • Life Insurance
  • Vision
  • Incentive Plans

Voluntary products (Health Savings Accounts—HAS), Flex Spending Accounts (FSA)

NSI Also Offers Diverse and Attractive Executive Benefit Plans

Business owners and their key executives may achieve their strategic insurance and retirement goals through innovative financial solutions. These include:

  • Executive Bonus Strategies
  • Key Person Insurance
  • Qualified Retirement Plans
  • Selective Executive Retirement Plans
  • Buy-Sell Agreements

The business insurance pros at NSI can help you examine the important tax advantages to both the employer and employee benefit plans. While Executive Benefits provide important tax advantages to both the employer and employee, the tax treatment is generally not as favorable as it is with Qualified Retirement Plans. Executive Benefits are not, however, subject to the strict rules governing Qualified Retirement Plans.

There are two basic types of qualified retirement plans:

Elective Deferred Compensation Plan (EDC):

With this plan an employee accumulates savings by deferring a portion of pre-tax salary until his or her death or retirement.

Supplemental Executive Retirement Plan (SERP)

With this arrangement, the business agrees to pay an additional amount upon death or retirement, above and beyond the elective amount accumulated by an employee.

 

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