Attracting and retaining key executives and clinicians in today’s competitive environment can be challenging. The ability to offer comprehensive benefits packages is critical in competing for the best and brightest. At the same time, however, nonprofits’ executive compensation packages are under the public microscope, making this an even more daunting task.
These challenges prompted HealthSHARE to find a solution that would enable Texas hospitals to provide retention benefits in a socially responsible manner while offering competitive and attractive packages to key employees. After much due diligence, the Texas Hospital Association endorsed CAP-ExSM as an alternative to traditional options, such as SERP or 457(f) deferred compensation plans.
The CAP-Ex Group is changing the game for nonprofits by transforming the way executive benefits are provided. CAP-Ex is designed to return all funding dollars of the plan, plus interest, back to the sponsoring health care organization while simultaneously creating the potential for greater levels of retirement income for the individual. Some of the benefits of this program include:
- Improved stewardship of resources;
- Transformation of benefit expenses into assets;
- Retention of executives and physicians with competitive retirement plans;
- Strengthening retention with vesting provisions tied to benefits;
- Non-compensatory arrangement;
- Turnkey program complete with implementation and ongoing client services.
We believe CAP-Ex effectively and equitably meets the needs of THA members seeking to retain key talent in a more responsible manner. I encourage you to take a few minutes to connect with David Wright at The CAP-Ex Group. You can reach him at firstname.lastname@example.org or 972/318-1110.
Interim President/CEO HealthSHARE