Any business owner or executive of a successful enterprise understands the passion and peculiarities of management. You commit. You create. You push past barriers. You see problems as opportunities. You reach beyond. And so do we.
Benexit provides consulting, planning, and design of three key disciplines related to driving business value and ultimately rewarding those that do. First, is Executive Benefits which is critical in attracting and retaining the executives and key employees who build building business value. In addition to executive benefits, private business owners need to keep an eye toward exiting their business and Business Transition. Finally, for owners and executives, Wealth Management is the process of using available financial resources to achieve their goals.
Coordinating these disciplines demands a firm grasp yet delicate vision to see beyond the obvious because we deal with the people who are the life blood of an organization. That’s why we’re ever mindful of the balance between truth and empathy.
By considering tomorrow in the context of today, we help clients maintain clarity, expedite implementation, and stay on the rails to their business and personal future. We deliver a coordinated process protocol to help build and execute plans that help fulfill the lifetime aspirations of business owners, executives, and key employees.
By augmenting the strength of these three pillars, we create an approach with one purpose in mind: Help maximize business value by rewarding those who build it when they do.
Let’s start with Executive Benefits.
Benexology: Our Six-Stage Process
Benexology, our process-driven approach, is the governing path we work through with clients to develop executive and key-employee reward systems that obtain optimum outcomes. This process unfolds in six stages:
In this first step we establish objectives, identify design concerns, and understand your values and vision within which we will work. We share what we do and how we can help you on your journey. Together, we’ll identify what needs to get done by whom, discuss associated costs, and memorialize key points in an Agreement.
2. Initial Design
In Stage 2, we spend time gathering data necessary for initial design—eligibility, financial position, tax status, and potential plan options.
3. Benefit Security and Funding Concepts.
Here we review benefit security issues in light of their financial impact to the business as well as participants. What happens in a change in control, change of heart, or bankruptcy? How will the plan impact earnings, the balance sheet and cash flow?
4. Final Design
In this stage, we prepare a final design for review by the board of directors or the business owner.
In stage 5, we work with your counsel to draft documents and prepare enrollment materials. Importantly, we also conduct enrollment meetings with eligible participants where we educate them on the value of the plan and how it might work within their overall goals.
6. Administration and Monitoring
We work with your team to determine insource capabilities and workload. If internal resources are not available, then Benexit, with its pool of national relationships and vendors, will help you design an effective and cost-effective administration program that meets your needs.
Key employees represent the heart of your business. You need to retain, reward and motivate them to stay the course as you exit the business—prospective buyers, which may include your key employees themselves, buy into that talent. This is the first pillar or discipline in our Benexology protocol.
Our primary goal in business exit planning is to help you maximize, protect and transfer business value onto your personal balance sheet. So this step in our Benexology protocol covers the evaluation of your business: its current value, employees, infrastructure and performance.
The third pillar or discipline in the Benexology protocol is wealth management, the exacting process of aligning your financial resources with your personal values. We will fulfill a specific gap in your existing plan or produce a new plan to support your life’s journey.
Knowing what matters
Deciding how to construct executive and key employee benefits that are competitive, cost effective, and driving value within in the organization often leads to decision paralysis. Benexit helps clarify what matters and constructs platforms to launch futures.
YOUR FUTURE IS NOW
Don't put off tomorrow
Owners and Executives often run headlong toward retirement with the bulk of their net worth tied up in their businesses not knowing how to unlock it. Benexit helps owners forge the keys to extended independence.
Maximizing enterprise value by rewarding those who build it.