Key Person Retention Plans for Non-Profit Hospitals

As key person retention specialists, we design, implement, and administer unique executive benefit and succession plans for non-profit hospitals throughout the country. We use our decades of experience and unique plan designs to eliminate plan costs for hospitals while providing substantial benefits to their key people – including benefits that offset the compensation limitations imposed by Stark Law for key physicians.

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Benefits to the Hospital

Recruit, reward and retain key employees

Classified as receivable on balance sheet

Designed to recover plan costs to the hospital with interest

Predictable funding obligation – defined contribution, NOT defined benefit

Loan advances generally not subject to 21% excise tax payable by tax exempt employers in certain situations

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Benefits to the Plan Participant

Executives | Physicians | Other Key Employees

Plan participant owns the policy

Premiums paid by the hospital and repaid by the policy

Tax-preferred retirement income with control of distributions

Tax-free death benefit to beneficiaries

Investment diversification and sequence of returns risk mitigation

Let’s Get Started

To learn more, contact us to set up an informational call.