Executive Benefits Administration | mapbenefits
mapbenefits was designed to facilitate a complex process giving clients access to a secure, world-class technology platform for nonqualified deferred compensation plan implementation and administration.
We combed the planet for an unparalleled administrative platform for both nonqualified deferred compensation plan participants and plan sponsors but couldn’t find one.
So, we created our own.
mapbenefits is a secure cloud-based enterprise platform, designed utilizing Salesforce’s force.com infrastructure, SQL Server, and .NET technology, and has obtained SSAE 18, SOC 1 Type II and SOC 2 Type I Compliance.
Nonqualified executive benefit plans are often incredibly complex—each one is unique—and managing them can be challenging. That’s why you need a comprehensive platform backed by an expert team that can quickly and seamlessly get your plan off the ground and running smoothly.
Built by more than 75 years of nonqualified plan experience and more than 20 years of cloud-based technology experience, the mapbenefits team takes these often-complex 409A plans and translates them into a seamless online experience for both plan sponsors and their participants.
Designed as a total solution for the sophisticated structure of executive benefit plan administration, mapbenefits streamlines a complex process allowing corporations, financial firms and 401(k) providers to leverage a fast, secure, world-class and 409A-compliant technology platform for nonqualified plan administration.
Take control of your nonqualified deferred compensation plan and build a better experience for your team.
Financial and Consulting Firms
Add value to your client relationships and enhance your service offerings with mapbenefits.
Give yourself a competitive advantage by offering your clients a custom white-label solution for all deferrals—qualified and nonqualified.
mapbenefits was designed specifically for executive benefit plan administration and asset/liability management utilizing a variety of asset types.
Deferred Compensation Plans
A deferred compensation plan is a nonqualified employer sponsored plan, meaning it is not subject to all of the rules, limitations and regulations of qualified plans, such as your 401(k) or IRA, that allows you to defer salary, bonuses and other forms of compensation.
Long Term Incentive Plans (LTIP)
Long-term incentive plans are incentive-based plans that reward employees for reaching specific company goals.
Supplemental Executive Retirement Plans (SERP)
A SERP is a company-paid benefit that is designed to retain executives until retirement. After retiring from the company, an executive would receive a stream of taxable income.
A split-dollar plan is a life insurance policy on an individual where the death benefit is shared between the company and the individual. Premium payments are made by the company, and the plan is typically structured so the company is reimbursed for their premium payments upon the death of the executive.
How is mapbenefits different from other plan administration platforms?
Check out the features of our one-of-a-kind mapbenefits enterprise-level solution.