Executive Healthcare Benefit
Add value to your total compensation programs
A win for you
Complement and enhance your total rewards strategies to achieve short- and long-term objectives for key individuals and groups. Use the benefit as a stand-alone plan or in coordination with Emeriti’s other benefit options. No ERISA audit requirement and no integration requirements with the pension plan.
Executive compensation benefit
Recruit, retain and provide early retirement window incentive for targeted employees
Cost-effective retiree health solution
Provide equalization funding and reduce financial risk associated with legacy defined benefit programs
Easy to administer
No nondiscrimination testing and no IRS limit on employer contributions or minimum distribution requirements
A win for key employees
Optimize total retirement planning for key employees.
Employer-funded savings
Used for fully insured healthcare premiums in retirement
Triple tax-free savings
Employer contributions, investment earnings and qualified reimbursements are tax-free
Confidence to retire when ready
Peace of mind that money is set aside for healthcare insurance premiums
Easy to establish and administer
You choose eligibility, funding and vesting provisions.
You choose either a one-time lump sum or annual contribution for a defined period. Assets are held in a revocable trust.
Participating employees will have access to an open architecture investments with mutual funds offered and managed by TIAA and other providers.
Emeriti provides for premium reimbursement administration.