• Benefits are one component of executive compensation.
• Time off, insurance, disability coverage, retirement plans, and deferred compensation are all common executive benefits.

The benefits that an organization provides to its employees also makes up a portion of an executive’s total pay package. This would include time off with pay, health and dental insurance, short-term and long-term disability coverage, life insurance, and retirement plans (i.e., a defined contribution plan or a defined benefit plan). However, there are often additional employee benefits given to executives which may include additional executive life insurance, disability insurance coverage (usually at a level higher than the average employee), retirement plans (see Supplemental Pension Plan), and deferred compensation arrangements (see Deferred Compensation).