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Stone Hendricks Group
Protect What You've Built And Who Built It
Executive benefits that protect your business, reward your leaders, and ensure continuity, no matter what happens.
400%
Of salary, cost to replace a departing executive
$0
NQDC plan cost to employer beyond deferred comp
15+
Years of executive benefits expertise
98%
Client retention rate
The Risk
What Happens to Your Business If You Can't Work?
As a business owner or executive, you make daily sacrifices for your employees and company. But if something happens to you, the consequences extend far beyond your household, they threaten every job, every client, and every dollar you've built.
Business Closure Risk
Without income protection, a disability lasting just 90 days can force a business to close, even if the owner recovers. Fixed costs don't pause.
Key Person Departure
Losing a key executive can cost up to 400% of their annual salary in lost revenue, recruitment, and transition costs. Most businesses are unprepared.
Retirement Income Gaps
IRS limits cap 401(k) contributions at a fraction of executive compensation. Without supplemental vehicles, high earners face a significant retirement shortfall.
"Executive benefits protect you, your fellow executives, and the livelihoods of everyone who depends on your business."
Stone Hendricks Group, Executive Benefits Division
Core Solutions
The Three Pillars of Executive Protection
Every executive benefits package we design is built on these three foundational solutions, then customised to your specific situation.
Business Overhead Expense Insurance
Protects your business expenses if you become disabled and are unable to work. Covers monthly fixed costs, rent, utilities, payroll, insurance premiums, so your doors stay open while you recover.
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What It Covers
- Lease, rent or mortgage payments
- Loan and mortgage interest payments
- Utility bills and janitorial services
- Accounting, legal and professional fees
- Employee salaries (excluding your own)
- Equipment lease or depreciation costs
- Insurance premiums and taxes
Alternative Retirement Vehicles
When 401(k) and 403(b) limits aren't enough, nonqualified deferred compensation (NQDC) plans let executives defer a larger portion of compensation and delay taxes until retirement.
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What It Covers
- Defer beyond IRS 401(k) contribution limits
- Choose deferral period: 5, 10 years or at retirement
- Tax-deferred growth on deferred amounts
- Flexible payout schedules
- Customisable vesting schedules
- Supplemental Executive Retirement Plans (SERPs)
Key Person Life Insurance
Protects your business against the financial impact of losing a key executive or professional. Provides a benefit to offset direct losses, fund a replacement search, and ensure a seamless leadership transition.
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What It Covers
- Offsets revenue loss from key person departure
- Funds executive search and replacement costs
- Protects against client attrition risk
- Shields business credit and lender relationships
- Tax-advantaged policy cash value flexibility
- Covers death or permanent disability
Round Out Your Package
Additional Executive Benefit Solutions
Beyond the three pillars, we offer a full suite of executive compensation and protection tools to attract, retain, and reward your top talent.
Split-Dollar Life Insurance
Employer and executive share the cost and benefits of a permanent life insurance policy, a powerful retention and reward tool.
Executive Disability Income
Individual disability policies that supplement group coverage, protecting a higher percentage of executive income.
Supplemental Executive Retirement (SERP)
Defined benefit-style retirement promises that reward long-tenured executives with guaranteed retirement income.
Golden Handcuffs
Deferred compensation arrangements that vest over time, incentivising executives to stay and grow with your company.
Executive Bonus Plans (162)
Employer-paid life insurance premiums treated as a bonus, simple, tax-efficient, and highly valued by executives.
Long-Term Care for Executives
Premium LTC coverage protecting executives and their families from the devastating cost of extended care needs.
The Full Picture
Round Out Your Executive Benefits Package
Executive benefits work best as part of a comprehensive total rewards strategy. We offer the full spectrum, from group health to voluntary and executive-specific solutions.
Employee Benefits
- Health Insurance (HMO, PPO, EPO, POS, HDHP)
- Short-Term and Long-Term Disability
- Dental Insurance
- Vision Insurance
- Life Insurance (Whole, Term, Universal)
- Long-Term Care Insurance
- Identity Theft Protection
Voluntary Benefits
- Accident Insurance
- Hospital Indemnity Insurance
- Critical Illness Insurance
- Life Insurance (Whole, Term, Universal)
- Telemedicine
- Identity Theft Protection
- Dental and Vision Insurance
- Short and Long-Term Disability
Executive Benefits Layer
On top of your group and voluntary benefits, executive solutions add the business continuity, retirement, and key person protection that senior leaders require. Together, they form a complete total rewards package that attracts and retains the best.
Get a Complete Package Review
Our Process
From Discovery to Implementation in 4 Steps
We handle the complexity so you can focus on running your business.
01
Discovery Call
We learn your business structure, key personnel, tax situation, and retention challenges.
02
Custom Plan Design
We design a bespoke executive benefits package from top-rated carriers, fully compliant.
03
Executive Presentation
We present the plan to your leadership team and answer every question in plain language.
04
Ongoing Management
Annual reviews, compliance monitoring, and plan updates as your business evolves.
Why Stone Hendricks Group
Speak With a Specialist
Executive Benefits Expertise You Can Trust
We've designed executive benefits packages for business owners and senior leaders across every major industry. Our advisors understand the intersection of compensation, tax strategy, and business continuity, and they speak your language.
Bespoke Design
Every executive benefits package is custom-built around your business structure, tax situation, and retention goals.
Licensed Specialists
Our advisors hold advanced designations in executive compensation and benefits, not generalists.
Carrier Access
Relationships with the nation's top-rated carriers mean better terms, pricing, and underwriting outcomes.
Compliance-First
ERISA, IRC 409A, and state-specific compliance built into every plan design from day one.
6 wks
Average Implementation
"From first call to signed policies in under 6 weeks. The team handled everything, underwriting, compliance, executive presentations."
CFO, 300-person financial services firm
100%
Business Continuity
"When our founder had a health scare, the BOE policy kept us running for 14 months without missing a single payroll. It saved the company."
COO, regional engineering firm
3x
Retirement Savings Capacity
"Our NQDC plan lets our top executives save three times what they could in their 401(k). It's become our number one retention tool."
CEO, 150-person healthcare group
"Stone Hendricks Group designed an executive benefits package that addressed every gap in our leadership team's protection, business continuity, retirement, and key person coverage. It's the most valuable thing we've done for our senior team."
James HarringtonManaging Partner, Harrington Capital Group
FAQ
Frequently Asked Questions
Everything you need to know about executive benefits.
Executive benefits are designed specifically for business owners and senior leaders. They go beyond standard group plans to provide business continuity protection, supplemental retirement savings above IRS qualified plan limits, and key person coverage. These solutions address risks and goals unique to high earners and business leadership, like protecting business overhead during disability or deferring compensation tax-efficiently.
If you become disabled and unable to work, the policy reimburses your business for monthly fixed overhead costs, rent, utilities, payroll, insurance premiums, and similar expenses. Benefits typically pay out for 12 to 24 months, giving your business time to either recover or restructure. The premium is tax-deductible as a business expense.
An NQDC plan lets executives defer a portion of their compensation, salary, bonuses, or equity, until a future date, typically retirement. Unlike 401(k) plans, NQDC plans have no IRS contribution limits, so high earners can shelter much more income from current taxes. Deferred amounts grow tax-deferred and are paid out per the plan's schedule.
Premiums on key person life insurance are generally not tax-deductible to the business. However, the death benefit is typically received tax-free, which makes it a powerful tool for offsetting the financial loss of a critical executive. There are also creative structures (like split-dollar arrangements) that can change the tax treatment depending on your goals.
Most packages are fully implemented within 4 to 8 weeks. That includes discovery, plan design, carrier selection, underwriting, and executive presentations. More complex multi-policy packages with NQDC plans can take 8 to 12 weeks due to plan document drafting and compliance review.
Free Consultation, No Obligation
Protect Your Business. Reward Your Leaders.
Speak with an executive benefits specialist today. We'll review your current situation and design a custom package, at no cost or obligation.
Get Your Free Executive Benefits Consultation
Speak with an executive benefits specialist today. We'll assess your current situation, identify gaps in your protection, and design a custom solution, at no cost or obligation.
- Email
support@stonehendricks.com - Service Area
All 50 US States - Response Time
Within 1 Business Day
Executive Solutions
- Business Overhead Expense
- Key Person Life Insurance
- NQDC / Deferred Comp
- Executive Disability
- Split-Dollar Life
- SERP Plans
- Golden Handcuffs
- Executive Bonus (162)
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