Most businesses have employees crucial to their success. In fact, 98% of business owners surveyed said they have at least one key employee.Offering customized benefits can help them retain these valuable team members while attracting new top talent and leading to more engaged, loyal employees.

Why key employee benefits matter

Broad-based employee benefit plans typically have limits that impact higher-earning key employees, resulting in the following:

• An inability to save enough through a qualified retirement plan due to government contribution restrictions

• Lost life insurance and disability insurance benefits due to group plan limits

Adding key employee benefits can help their top talent make up for benefits lost or provide an additional perk. And having a more robust benefits package can help your business clients stand out from the competition.

Solutions from Principal^®

We provide access to a variety of customizable solutions that can be funded with life and/or disability insurance to help meet your clients' unique needs:

• Bonus plans

• Deferred compensation plans

• Split dollar plans

• Benefit restoration plans