Retirement Plans (Group)
It is our mission to proactively serve each component of your organization’s Qualified Retirement Plan (QRP). We will assist you in establishing the most suitable offering for your unique employee population and continually monitor its success, using a measurable service timeline that analyzes the following four key QRP components:
- Design
- Administration
- Investment Product
- Employee Communication
Succession Planning
Like insurance, Succession Planning is an important component of ensuring that your organization enjoys a long and prosperous future. Lassiter-Ware understands just how important this long-term planning is, and will counsel accordingly based upon the following:
- Review (or creation) of Buy-Sell Agreement (ensuring that it adequately covers the four basic contingencies of Death, Disability, Pre-retirement Transfer, and Post-retirement Transfer)
- Business Valuation (Perform Calculations to assist you in determining the actual value of your business)
- Specimen Documents (Prepared and Presented for client review)
Executive Benefits
Executive Benefits are used in order to attract and retain the key employees of your organization. Lassiter-Ware’s Financial Services Division can assist you in creating an Executive Benefits program, which typically consists of the following two components:
- Selective Fringe Benefits (“Excess” insurance, such as Life, Disability, or Long Term Care, provided only for top employees)
- Non-Qualified Deferred Compensation (“Excess” retirement benefits, available to top employees, which can “tie” those employees to your business for fear of forfeiture)
Business Protection Planning
It is always important that your organization be prepared for the unexpected. Though many such events, such as death or the loss of a key employee, may not fall under the realm of most common insurance products, alternative methods of planning are available through Lassiter-Ware. They include:
- Key Employee Insurance (offsets the financial impact caused by the loss of a key employee)
- Business Loan Insurance (protects your business value from the loss of an owner)
Business Overhead Insurance (protects your business when an owner becomes disabled)
