Many of our clients work at Fortune 500 companies. Cincinnati is the home of eight Fortune 500 companies, which is exceptional for a city of our size. Compensation plans at these firms can be lucrative, but also confusing. In this article, we will outline the key areas to understand for those fortunate enough to be working at one of these companies or currently entertaining an offer. Compensation at most Fortune 500 companies has four components. A Long-Term Incentive Plan (LTIP) may only be available at certain levels of the company, but nevertheless, it is important to understand and account for all levels of compensation.
We hope this brief article is helpful and empowers you to take control of your financial life and to live well in 2021. If you want more tips on living well, please contact us at firstname.lastname@example.org or follow us on Facebook.
Andrew J. Scarpitti uses LiveWell Capital as a marketing name for doing business as a representative of Northwestern Mutual. LiveWell Capital is not a registered investment adviser, broker-dealer, insurance agency or federal savings bank.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM) and its subsidiaries. Andrew J. Scarpitti provides investment brokerage services as Registered Representatives of Northwestern Mutual Investment Services, LLC (NMIS), a subsidiary of NM, registered investment adviser, broker-dealer and member FINRA and SIPC. Andrew J. Scarpitti is an Insurance Agent of NM.