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SERP, or Supplemental Executive Retirement Plan, is designed to address the retirement planning limitations typically specific to highly compensated executives. SERP programs allow us to select a focused and specialized group of executives around whom we design a deliberately discriminatory savings program.
More often, SERP programs are applied to the needs of businesses containing a definitive managment structure. The benefits of the program for the individual are a significant enhancement to their retirement income pool. The corporation retains the loyalty and dedication of its key employee through the use of strategic contribution schedules and vesting. |