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Attracting and Retaining Key Employees

A competitive benefits package is a must-have in today's labor market.

If you are thinking that benefits are an expense you can't afford, consider these reasons for offering them.

Carefully selected benefits can cut your turnover rate and the related costs of hiring and training replacements. Benefits can help boost company morale and improve productivity. And benefits can be more affordable than you expect. Some can be offered at virtually no cost to you.


Qualified plan income limitations often prevent employers from providing a sufficient retirement benefit to their key, highly compensated employees. As a result, many highly compensated employees are looking for employers who are willing to help them supplement their retirement income and maintain their current standard of living in the future. You can reward your most productive and valued employees despite qualified plan limitations using non-qualified benefit plans like a162 Bonus Plan, Restricted Endorsement Bonus Arrangement (REBA), Supplemental Executive Retirement Plans (SERP), Supplemental Executive Retirement Plan, Key Person Coverage, and Salary Deferral Plans.


You can design a group life insurance plan to meet the coverage needs of your employees and their families, with:

  • Basic, optional and dependent life insurance
  • Optional features such as integrated waiver of premium, portability, conversion, and accelerated death benefits
  • Accidental death and dismemberment insurance, with options for child care, education, and rehabilitation


Independence Financial Partners offers a comprehensive group Long Term Care Insurance (LTCI) program that can showcase your business as a forward-thinking employer. When offered as part of your benefits package, group LTCI can provide your employees with a way to help preserve their savings and assets, their family and friends from the burden of care giving, and their ability to choose where care is received.


Independence Financial Partners recognizes that many employers view health and dental insurance as important benefits for retention, recruitment and overall employee well-being.

Our firm has the capacity to gather a variety of proposals to identify the best programs and strategies to meet your goals. Working with our strategic partners, we have experience and strategies to control your costs over time. Some of these include:

  • Health Reimbursement Accounts
  • Health Savings Accounts
  • Flexible Spending Accounts
  • Consumer Driven Health Plans
  • High Deductible Health Plans
  • Disease Management Programs
  • Wellness Programs

We’ll keep you up-to-date on health care reform legislation and ERISA regulations and their potential impact on your business and your employees.


At Independence Financial Partners, we understand that an employee’s absence due to disability can affect workplace morale, service quality, and productivity. If one of your employees suffers a non-work-related injury or illness and is unable to work, disability income insurance can help cover daily living expenses and provide resources for recovery and return to work.

The Next Step

To Learn More about Retirement Strategies for you or your business, call 866-691-4100 or click to Contact Us

100+ Years of Experience
Established in 1909, Independence Financial Partners' history is a testament to our dedication to our clients. Today, our full service firm serves Southern New England from its main offices in Warwick, Rhode Island and Rocky Hill, Connecticut.

About Us
Independence Financial Partners has been helping individuals, families and businesses achieve their financial goals for over 100 years.