Charleston, SC – Modern Capital, a diversified financial services firm, announced today that they will be introducing an Executive Benefit division to their growing Broker Dealer. Executive Benefit Plans also called Supplemental Executive Retirement Plans are classified as Non-Qualified arrangements by the IRS. This means that not only can employers segregate who gets to participate in one of these programs, but also, each individual plan can be customized to maximize the purpose of offering it.
The new division at Modern Capital specializes in offering executive benefits to non-profit organizations. Considering more than 50% of the executives in the non-profit industry will retire in the next five years, the battle to retain and recruit top level talent at these organizations is at an all time high. As a result, having the ability to design meaningful executive benefit programs empowers organizations to secure the proper leadership needed to be successful for the long term.
Typical Executive Benefit designs can be funded by the Employer, Employee and/or both and include a variety of plans including:
● Nonqualified Deferred Compensation Plans – IRC 457(f) and 457(b)
● Loan Regime Split Dollar and Collateral Assignment Split Dollar – IRC 7872
● Incentive and Bonus Plans – IRC 162 and 83 Restrictive Bonus Arrangements
With more than 75 years of combined experience working with Nonprofit organizations, Modern Capital Executive Solutions’ expertise and mission is to provide tools that will optimize any organization’s talent pool while maintaining financial control.
About Modern Capital
Modern Capital is a Charleston, South Carolina based diversified financial services firm which was started with the simple yet audacious goal of improving both the experience and outcome of retail financial clients through an advisor-empowered model. This modern approach leverages technology and data insights along with a contemporary revisioning of products and services to democratize opportunities for wealth planning and preservation, such as had previously been reserved only for ultra-wealthy individuals and institutional investors. By building innovative investment vehicles and technologies, Modern Capital is guiding its clientele to sustainable wealth.
Learn more at moderncap.com