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Employee Benefits
 Implementing an employee benefits package may seem expensive; however, the tax considerations can help offset the overall cost
and its impact on current and prospective employees could be rewarding. Through our network of financial professionals, we can
help you provide an attractive package of benefits for your employees.
Consider a few of the following options.
- Annuities
Establishing individual retirement arrangements funded by annuities is easy for a small business. Offering this type of
benefit may help you retain and motivate your company’s employees.If you are considering an annuity to fund a qualified
plan such as an IRA, the tax deferral feature of the annuity offers no additional value, since IRAs are already afforded
tax-deferred status. Under these circumstances, you should only consider buying an annuity if it makes sense because of the
annuity’s features and other benefits, and are willing to incur any additional costs for these features and benefits.
Evaluate the fees and expenses and consider whether the annuity’s features and other benefits will be right for you.
- Disability Income Insurance
Provide employees with income protection that supplements your company’s group long term disability plan in the event of a
disability.
- Executive Programs
We offer solutions that are designed to assist in recruiting and retaining executives.
- Executive Group Life Insurance
Gain a competitive edge by providing valuable life insurance benefits to your executives and senior professionals.
- Long Term Care Insurance
Help retain your employees and enhance your company’s benefits while taking advantage of tax savings.
- Retirement Plans
Help your employees save for retirement by offering a retirement plan as part of your employee benefits package.
- Terminal Funding Annuity Contracts
Purchase a terminal funding contract to provide your employees the benefits earned from a terminating qualified defined
benefit pension plan.
Prefer to speak to someone about employee benefits for your business?
The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding
any Federal tax penalties. MassMutual, its employees and representatives are not authorized to give tax or legal advice.
Individuals are encouraged to seek advice from their own tax or legal counsel.
Related Information
If you would like more information please contact us.
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