Our consulting services and background are unmatched in the areas of supplemental retirement planning for tax-exempt employers and employees. Our two-decade level of focused practice in this area has created a unique understanding of the environment and the alternatives available.
Non-Profit employers and employees of these organizations provide valuable services and benefits to the community. However, employees of exempt organizations are not as fortunate as employees with for-profit firms in terms of options to create capital accumulation for retirement. Legislative restrictions and IRS mandated limitations provide for a retirement experience that is limited and very difficult to manage in terms of typical patterns of employment and employee needs.
These seemingly impractical limitations and restrictions have existed for many years, but recent IRS announcements have only exacerbated the issues and increased the relative unattractive nature of traditional non-qualified retirement plans for exempt employers. Employees seeking to save over and above the traditional 403(b) or 457(b) programs are faced with limited or, most likely, no options to save on a before-tax basis. Additionally, employers are challenged to find solutions for related supplemental retirement planning.
The EBP Supplemental Benefit Plan designed by KBG provides healthcare executives and practitioners employed by non-profit entities a supplemental retirement strategy that creates financial security and independence, by eliminating the unattractive elements of traditional plans.