Upcoming Skoda Minotti Events

August 15, 2019

EVENT: Non-Qualified Deferred Compensation Programs for Private Companies

In today’s competitive business environment, privately held companies face significant challenges in retaining current executives. Why is executive retention important?

  • Increased productivity and profitability, leading to an increase in the value of the business
  • Cost to replace a departing executive—productivity, recruiting fees, possibly higher pay
  • Positioning a business for a potential sale to a non-operator

Paying annual bonuses may not keep the executives around after the bonus is paid. Should executives be rewarded if the employer is not doing well? How can employers attract and retain key executives while creating a system that will reward them if the company is profitable?

Please join Ted Ginsburg, CPA, JD, principal with Skoda Minotti and Terry Bork, CLU, ChFC, president of Aurum Insurance Services as they discuss the concept, operations and funding methods related to non-qualified deferred compensation (NQDC) programs. The discussion will focus on how these types of programs, which are almost universally used by publicly traded companies, can be used by privately held companies—and why they can make economic sense for employers and executives.

For more information about this event, click here.

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