deferred compensation insurance benefits:

Potential Employer Advantages:

1. Develop a recruiting and retention tool for valued employees.

2. Experience reduced administration and fewer funding obligations compared to qualified plans.

3. Exercise control over benefit recipients, timing, and amounts, unlike qualified plans.

4. Potentially recover costs through the insurance death benefit.

5. Obtain a tax deduction when employees receive compensation from the plan.

Potential Employee Benefits:

1. Recognizes contributions to the business.

2. Defers taxes until employees receive compensation from the plan.

3. Unleashes the potential for supplemental retirement income.

4. Allows unlimited salary deferrals, depending on the plan's terms.