Executive Compensation

Effective total compensation packages provide the retention tool necessary to keep key individuals on board, while providing those executives with compensation that has long-term growth potential with favorable tax benefits.

Executive compensation packages typically comprise the following components:

• Base Salary
• Annual Incentive Programs
• Long-Term Capital Accumulation
• Deferred Compensation Arrangements
• Supplemental Benefits and Packages
• Retirement Programs

Employee Benefit Programs

In an era of low employment and fierce competition for skilled employees, a company’s benefit package is an important factor in whether the business will attract the personnel it needs to operate and grow.

For companies looking for ways to recruit, retain, and reward leadership and key personnel, nonqualified deferred compensation plans can be used to help achieve these organization objectives. These plans offer tremendous flexibility in design, selection of participants and methods of financing.

401(k) Services

A 401(k) retirement plan is a simple and convenient way to build up your retirement savings and get significant tax benefits while you are working. 401(k) plans are a qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions to defer income from their pay and contribute that amount to a separate account for their retirement benefit. Earnings accrue on a tax-deferred basis. The employee always “owns” or is vested 100% of the amount he or she contributed from their pay.

The 401(k) account is not an investment in itself; it is a protective shell for saving money. It is up to the participant to decide how to invest the money using the choices the employer provides. Generally, these are stocks, bonds and money market mutual funds.

Some Employers offer a match, meaning that for every dollar an employee contributes up to a certain amount, the employer will also make a contribution.

NOTE: Investment products offered through Enterprise Bank & Trust are:

• NOT FDIC insured
• NOT guaranteed by Enterprise Bank & Trust or any of its affiliates
• Subject to investment risk and may lose value