457(f) and Supplemental Executive Retirement Plans
Have you considered incorporating 457(f) Plans or SERPs into your compensation package for your key officers?
457(f) Plans and SERPs are simple, effective long-term compensation tools that are useful to attract, retain, and reward top producers and leaders in your bank or organization. Both programs are non-qualified, deferred compensation arrangements where an employer makes an unsecured promise to pay an executive post-retirement income for services rendered today provided certain employment conditions are met. 457(f) plans are a type of SERP, designed for executives of tax-exempt groups like non-profits or governmental organizations.
Why do clients like deferred compensation plans?
- FLEXIBILITY & CONTROL
- REPLACEMENT OF EXTINCT DEFINED BENEFIT PLANS
- DIVERSIFICATION
- COST EFFECTIVE
Contact Granville Group to learn more and create a custom 457(f) or SERP program that meets the specific needs of your institution.
We know the importance of a strong game plan and believe that good decisions mean you get to keep on winning.
With Granville Group on your team, you get a partner who is uniquely qualified to provide custom strategies and totally committed to your success.
713-240-1800
Granville Group
19901 SW Freeway
Sugar Land, TX 77479