NQP Consulting: Dedicated to Turn-Key Service From Start to Finish
Attracting and retaining top talent can require more than traditional benefits. Forward-thinking companies are turning to nonqualified benefit plans as a way to strengthen their compensation strategies and create long-term value for both employees and organizations. NQP Consulting, LLC, stands as a leader in this space. Our firm is passionate about providing comprehensive, turn-key service from the first meeting to ongoing plan management. With more than 30 years of combined experience in the nonqualified benefit planning arena, our team can serve businesses in industries that range from real estate to law. From marketing and sales support to custom plan design and administration, we strive to deliver responsive, start-to-finish service that puts clients and participants first.
Are you seeking trusted benefits solutions and service? Connect with us today, and tell us about your business’ needs and goals.
A Holistic Approach to Nonqualified Benefit Plans
Unlike traditional consulting firms that focus on one aspect of the process, NQP Consulting takes a comprehensive approach. Our philosophy centers on the belief that benefit plans should not only be designed well but also communicated effectively and supported consistently.
This commitment is reflected in our three-stage process:
- Marketing & Sales Support: Helping clients present the value of nonqualified benefit plans to decision-makers and employees.
- Design & Implementation:
- Ongoing Administration:
Creating custom-tailored plans that align with each company’s goals, culture and size.
Providing the infrastructure and guidance needed to maintain and grow plans over time.
By managing the entire lifecycle of a plan, NQP Consulting can eliminate gaps and miscommunications that may arise when multiple vendors are involved. This can lead to a streamlined experience, in which organizations gain confidence from their plans being handled by a single, dedicated partner.
Marketing & Sales: Setting the Stage for Success
The first step in NQP Consulting’s process is helping companies communicate the benefits of adopting a nonqualified plan. For many executives, the concept may be new or unfamiliar. We bridge that gap by providing marketing materials, presentations, and client testimonials tailored to each prospect’s industry or business model. Sales representatives and NQP Consulting often work side by side in client meetings. Whether through online sessions or in-person presentations, our team introduces decision-makers to the mechanics and long-term advantages of nonqualified benefit plans.
One of the strongest selling points is the impact these plans can have on employee retention and recruitment. For example, NQP Consulting worked with a midsouth real estate firm that adopted a plan in 2020. Participation grew from approximately 220 employees at launch to more than 500 — demonstrating the tangible value these programs can create for companies seeking to stay competitive.
Design & Implementation: Tailored Plans for Every Client
No two organizations are alike, and neither are their goals. We believe in taking the time to understand each client’s objectives before recommending strategies. Using our deep background in multi-life business and funding structures, our team creates customized plan designs to fit the client’s specific needs.
One of our key tools is the use of Indexed Universal Life (IUL) policies as a funding mechanism. These policies provide flexibility and potential growth while maintaining a level of security. Alongside this, our in-house legal team develops the contracts and agreements necessary to bring the plan to life.
The process doesn’t stop at drafting documents. We also prepare pre-enrollment materials, guide clients through the enrollment process, and lead participant meetings. This attention to detail helps guarantee that everyone involved has a clear understanding of the plan and its benefits from the outset.
Plan Administration: Long-Term Partnership and Support
Launching a plan is just the beginning. The true measure of success lies in how well it is supported and maintained over time. At NQP Consulting, we pride ourselves on being more than a design firm. We are committed to serving as a long-term partner, dedicated to administration and service.
Participants receive annual detailed statements and ongoing customer support for any questions, deferrals, or beneficiary changes. We also assist with new enrollments, plan expansions, and adjustments as companies grow. Our firm monitors crediting rates and cash values daily, providing clients with the peace of mind that their investments are being actively managed. In cases where financing becomes part of the equation, NQP Consulting can help navigate third-party lender relationships.
Experience and Expertise That Stand Out
What sets NQP Consulting apart is not only our turn-key process but also the breadth of expertise within our team. Our staff brings diverse and valuable experience. Our multidisciplinary foundation allows us to approach challenges from multiple angles, offering innovative solutions that other firms may overlook.
The longevity of the leadership team also adds weight to our recommendations. With decades of hands-on experience, we strive to bring both historical perspective and forward-thinking strategies to clients. Context and adaptability can prove greatly important in an evolving benefits landscape.
Building Value Beyond Benefits
Nonqualified benefit plans are more than financial tools — they are strategies for building organizational loyalty, stability and culture. By offering employees additional incentives tied to long-term success, companies can create stronger bonds between leadership and staff. We understand this dynamic and work to design plans that not only meet technical requirements but also foster real engagement. When employees see their organization investing in their futures, they can discover higher satisfaction, improved retention, and a more committed workforce.
Recapping & Final Thoughts
Why Choose NQP Consulting:
- Turn-key Service:
- Proven Experience:
- Tailored Solutions:
- Ongoing Support:
- Client Success Stories
From marketing to administration, various steps are handled under one roof.
Over 30 years of success in the industry.
Plans designed specifically for each client’s needs and goals.
Continuous monitoring and participant service.
Demonstrated growth in participation and retention across industries.
NQP Consulting is committed to comprehensive service. Nonqualified benefit plans can serve as a powerful solution to employee retention, better financial security, and other needs. Companies can gain a partner that provides not only the tools but also the expertise, guidance, and ongoing support needed to succeed. For more information about how NQP Consulting can support your business, learn more on our website or contact us today.
