Business - Executive Compensation Plans TOLCO Financial $trategies   Executive Compensation Plans... It is difficult to find and retain a top-notch executive in today's marketplace. One of the key factors is the compensation package. Our expertise is helping you to design a compensation package that can provide the best AFTER-TAX value to the executive. Types of Compensation Anyone can pay a salary. But, for every dollar of salary, income taxes take away almost 40 cents. Some more tax-efficient and useful compensation plan components are: 100% company paid Health & Dental plan 100% company paid life and disability plan (benefit is a taxable benefit) Health Spending Account for medical expenses not covered by a traditional group Health and Dental plan. Disability Top-Up plan to cover the gap between a group plan maximum and typical entitlement. Executive Retirement Account or Retirement Compensation Agreement to supplement a normal pension plan. Split-Dollar life insurance which can double as key person insurance. Financial and Estate Planning service. The company can pay for 'fee-for-service' financial planning.