Employee Benefits We can be your benefits administrator If you are a small business owner who wants to retain your good employees, but are torn between hiring a benefits administrator or additional production people, we want to talk to you. We can work with your current human resources people, freeing you to add production people as needed.One member of The Independent Group of CompaniesSM is Independent Compensation Consultants, Inc. This firm designs, implements and administers employer-sponsored plans. Such plans can range from defined benefit plans, like pensions, to defined contribution plans, like 401(k)s, profit sharing plans, SEPs or ESOPs (see business management tool). Cafeteria Plans Cafeteria plans are the most flexible and the most sought after benefit, but they require technical knowledge in the design stage and administration experience to make sure that these plans are always in compliance.We have the technical people to design cafeteria plans that are acceptable to you, to your employees and to the IRS. We also have the administrators to implement the plan and to administer it on an ongoing basis. Non-Qualified Plans Our benefits consultants can also help you structure and administer non-qualified plans, designed to properly compensate your key executives. Deferred compensation and executive bonuses are the most popular non-qualified plans.The design and structure of all types of plans must pass IRS scrutiny. Examples of non-qualified plans include 401(k) excess deferred compensation plans, supplemental executive retirement plans (SERPs), stock bonus and phantom stock plans, "restricted bonus" plans that tie bonuses to performance, salary continuation plans, split-dollar insurance arrangements and reverse split-dollar arrangements. Getting started We would like an opportunity to review your employee benefits program, and to make recommendations about how we can help save money while providing your employees with a well rounded benefits program.©2000 Independent Planners Group, Inc.