THE SITUATION

A family owned business in Dallas had trouble retaining their top level executives. While they have been paying competitive salaries and offer excellent benefits and bonuses, other companies have been successful at poaching their leaders. The loss of brain trust has damaged the company’s profitability and made it challenging to recruit new executives.

THE SOLUTION

The company was referred to Scott Cohen and the Delayed Executive Benefits team at CD Wealth Management. Scott initiated an exhaustive discovery of the company’s financial history and crafted a comprehensive program the company could offer their existing C-level executives. In addition to multi-year guaranteed payouts the company was protected by clauses that ensured the executives would work hard for their performance incentives and abide by the codes of personal conduct. After implementing their custom “golden handcuff” plan, their retention of executives has grown from 50% to 90% in the 10 years since the plan was launched. The company appreciates that Scott and his team provides the day-to-day servicing of the plan and credits CD Wealth Management for saving them valuable resources and growing profitability.

The company and their situation is real. We have not provided the company name to protect the privacy of the company and the individuals involved in the company’s delayed benefits program.