The Golden Handcuffs...

For a business to continue to grow, owners must be able to delegate some responsibility for the success of the business to others.


With business success becoming somewhat dependent on the skill and experience of key employees, have you ever considered the impact on your business if a key employee were to terminate employment?  Allow DSG Benefits to provide you with expert guidance for your executive benefits package.

“DSG understands our specific needs. They have well-established provider relationships, they’re proactive and responsive, and they continue to exhibit an educator’s philosophy with easy to understand, comprehensive analysis and reports”

Don Girard
National Banner Company, Inc.

Executive Benefit Plans

The objective of executive benefit planningis to assist you in identifying key employees who should be rewarded with selective executive benefits in order to retain their services, and to help you determine how you, as a business owner, might make the most effective use of business dollars to provide for your personal financial security needs.

Your most valuable business assets are not your buildings and equipment, but the key employees who make a significant contribution to the success of your business. Without executive benefit planning, however, it may not be possible to adequately reward your key employees on a selective basis in order to retain their services.

Ask Yourself...

  • What would the impact on your business be if a key employee started his/her own business or went to work for a competitor?
  • Are you making effective use of business dollars to help achieve your personal financial security objectives?
  • If you had died or become disabled yesterday, would there be an adequate income to maintain your family's lifestyle today?
  • Will you have the funds available to meet your education and/or retirement goals?
  • Will your estate have sufficient liquidity to pay estate taxes and other settlement costs?
  • Are you taking full advantage of business dollars to meet your personal financial security goals?
  • What is the value of your key employees to your business success?
  • Do you have any selective benefit programs to assure the retention and loyalty of your key employees?
  • What types of benefits are important to the people who are critical to your business?
  • Are your current benefit plans meeting these expectations?

When a key employee terminates employment, it can result in:

  • A reduction in profits.
  • Increased competition.
  • The costs of recruiting, hiring and training a replacement.
  • A loss of confidence among customers, creditors and other employees.

When your objective is to selectively reward key employees in order to retain their services, these are some of the issues you should consider:

  • Which of your employees make a substantial contribution to the success of your business?
  • What is the value of these key employees to your business?
  • What would be the cost to your business of replacing one of these key employees?
  • What would the impact on your business be if a key employee started a competing business or went to work for a competitor?
  • What types of benefits do your competitors offer to their key people?
  • What do you feel are the highest priority financial security needs of your key people?
  • Is your current benefit plan meeting the expectations of your key employees?

If you need professional, objective advice or simply have questions, contact DSG Benefits Group today. 

Did you know you're under no obligation to your current benefits plan or broker?
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