Fringe Benefit Planning


For business owners contemplating their business’ success, and for high net worth individuals, fringe benefits can become a significant variable in their comprehensive financial plan. The Advantage of Summit’s approach is that it addresses all of the elements that contribute to our clients’ achieving their goals.

Fringe Benefit Planning

For business owners, Fringe Benefit Planning can be an important element of your employment retention strategy. Summit Financial’s Fringe Benefit Planning services will help ensure the success of your business and help satisfy employees’ needs. For individuals of high net worth, fringe benefits often represent a significant financial asset, and they need to be considered as integral to a comprehensive financial plan.

Summit begins with a concise review of your current benefits package, savings and investment plans, followed by a comprehensive analysis of your pension and retirement options. The next step is analyzing and auditing your various insurance policies. Then we can look for the best ways to maximize benefits for owners and for key employees, and determine cost-effective strategies to protect your assets. We can also coordinate your current business plan, and help you implement it in the most effective manner possible.

The services, products, and strategies within our fringe benefit planning division include but are not limited to:

  • Life, Disability, Health Insurance, Dental
  • 401 (k) and other qualified plans
  • Traditional IRA/Rollovers
  • Roth IRA
  • Annuities
  • Deferred Compensation
  • Split Dollar
  • Flexible Spending Accounts
  • Cafeteria Plans
  • Payroll Deduction Programs