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August 17, 2010

Executive Benefits Plan Design Questionnaire

In an ideal world which item(s) is/are most important?

Employer

 1. Current Deduction
 2. Current Employee Deferral
 3. Retention of the Employee (Golden Handcuff)
 a. Flexible Vesting Schedule per employee
 b. Stock like Structure
 c. 401K Look Alike
 4. Tax Deductible Benefit Payable at Retirement
 5. Complete executive control over the asset
 6. Flexibility of the plan design by participant
 7. Matched asset against a deferred benefit
 8. Key Man Insurance
 9. Cost Recovery of a Benefit Plan

Employee

 1. Current Deduction (i.e. like 401K)
 2. No Limit to retirement contribution
 3. Tax Deferred Growth
 4. Tax Free Income at Retirement
 5. Tax Free Death Benefit
 6. Access to Cash during Employment