SERP masthead

Corporate Benefits

Supplemental Key
Employee Retention
Plan (SERP)

Retain and reward your mission-critical people, while
maintaining flexibility and control

Our Supplemental Key Employee Retention Plan (SERP) designs feature informal funding alternatives and comprehensive plan administration for the small and mid-corporate markets, allowing you to offer a future benefit to your key employees while remaining in complete control of all aspects of the plan.

How it works

Let CES build a custom-designed SERP tailored to your needs and objectives. Simply choose the type of future benefits you wish to offer under predetermined criteria. You can establish who will be eligible and what they will be eligible to receive at a future date. As those individuals meet profit objectives, a company liability will build, which can be offset, if you choose, by building a corporate-owned and controlled asset.

Key features of the plan

  • Full discretion to choose participants and custom benefits
  • Annual award decisions based on established performance criteria
  • Assets that can be highly liquid and accessible at any time by the company 1
  • Pre- and post-retirement benefit designs
  • Access to full plan administration similar to your 401(k) reporting
  • Corporate-owned life insurance (COLI) is available and accessible to smaller companies
  • Complete plan and asset administration completes the turnkey platform

Contact us today

Contact us today to get started with a SERP design that’s right for you.

1 Assuming policy loans after withdrawals of the policyowner’s basis under a policy that is not a modified endowment contract (MEC). Loans and withdrawals reduce the policy’s cash value and death benefit, and withdrawals in excess of the policy’s basis are taxable. Under current rules, loans are free of income tax as long as the policy remains in effect until the insured’s death, at which time the loan will be satisfied from income tax-free death benefit proceeds. If the policy is surrendered, lapsed or treated as a MEC, any loan balance will generally be viewed as distributed and may be taxable to the extent of any gain in the policy.