Hennepin Minnesota Deferred Compensation Agreement by First Florida Bank, Inc. for Key Employees

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Hennepin
• Control #: US-CC-20-162F
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Hennepin County, located in Minnesota, offers a Deferred Compensation Agreement exclusively designed for Key Employees in collaboration with First Florida Bank, Inc. This unique agreement aims to provide comprehensive benefits and financial security to eligible individuals working in key positions within the county's administration. The Hennepin Minnesota Deferred Compensation Agreement is specifically tailored to attract and retain outstanding talent within key roles. By offering this agreement through First Florida Bank, Inc., Hennepin County ensures access to a trusted financial institution known for its expertise in retirement planning and investment management. Key Employees who qualify for this agreement gain the opportunity to defer a portion of their compensation, allowing them to supplement their current income while preparing for retirement. The agreement offers various investment options that allow employees to choose from a range of investment vehicles based on their risk appetite and long-term financial goals. One notable advantage of the Hennepin Minnesota Deferred Compensation Agreement is the potential tax benefits it provides. Through pre-tax contributions, participants can reduce their taxable income while contributing to their retirement savings. Moreover, the agreement offers the flexibility to select the timing and frequency of contributions, empowering employees to align their savings strategy with their personal financial needs. Additionally, the Hennepin Minnesota Deferred Compensation Agreement provides key employees with access to expert financial advisory services. First Florida Bank, Inc.'s team of skilled advisors can guide employees in making informed investment decisions and assist in creating a personalized retirement plan based on individual circumstances and goals. While the above description encompasses the primary Hennepin Minnesota Deferred Compensation Agreement by First Florida Bank, Inc. for Key Employees, it's important to note that there may be other variations or additional programs available. These can include tailored agreements for specific departments, employee levels, or specialized roles within the county administration. To obtain detailed information regarding the specific options available, eligible employees should consult their Human Resources department or reach out directly to First Florida Bank, Inc. In conclusion, the Hennepin Minnesota Deferred Compensation Agreement by First Florida Bank, Inc. for Key Employees is a comprehensive retirement savings program tailored to meet the unique needs of eligible employees within Hennepin County. By providing flexible investment options, potential tax advantages, and access to financial advisory services, this agreement aims to support key employees' long-term financial security and help ensure a comfortable retirement.

Hennepin County, located in Minnesota, offers a Deferred Compensation Agreement exclusively designed for Key Employees in collaboration with First Florida Bank, Inc. This unique agreement aims to provide comprehensive benefits and financial security to eligible individuals working in key positions within the county's administration. The Hennepin Minnesota Deferred Compensation Agreement is specifically tailored to attract and retain outstanding talent within key roles. By offering this agreement through First Florida Bank, Inc., Hennepin County ensures access to a trusted financial institution known for its expertise in retirement planning and investment management. Key Employees who qualify for this agreement gain the opportunity to defer a portion of their compensation, allowing them to supplement their current income while preparing for retirement. The agreement offers various investment options that allow employees to choose from a range of investment vehicles based on their risk appetite and long-term financial goals. One notable advantage of the Hennepin Minnesota Deferred Compensation Agreement is the potential tax benefits it provides. Through pre-tax contributions, participants can reduce their taxable income while contributing to their retirement savings. Moreover, the agreement offers the flexibility to select the timing and frequency of contributions, empowering employees to align their savings strategy with their personal financial needs. Additionally, the Hennepin Minnesota Deferred Compensation Agreement provides key employees with access to expert financial advisory services. First Florida Bank, Inc.'s team of skilled advisors can guide employees in making informed investment decisions and assist in creating a personalized retirement plan based on individual circumstances and goals. While the above description encompasses the primary Hennepin Minnesota Deferred Compensation Agreement by First Florida Bank, Inc. for Key Employees, it's important to note that there may be other variations or additional programs available. These can include tailored agreements for specific departments, employee levels, or specialized roles within the county administration. To obtain detailed information regarding the specific options available, eligible employees should consult their Human Resources department or reach out directly to First Florida Bank, Inc. In conclusion, the Hennepin Minnesota Deferred Compensation Agreement by First Florida Bank, Inc. for Key Employees is a comprehensive retirement savings program tailored to meet the unique needs of eligible employees within Hennepin County. By providing flexible investment options, potential tax advantages, and access to financial advisory services, this agreement aims to support key employees' long-term financial security and help ensure a comfortable retirement.