The SECURE Act: What You Should Know

Highlights of SECURE Act The President recently signed the “Setting Every Community Up for the Retirement Enhancement Act of 2019” also known as the SECURE Act of 2019.  The SECURE Act is a retirement reform that is aiming to improve the nation’s retirement system, which has not been changed in nearly a decade.  The following… Read more »

Final Regulations on Reportable Policy Sales in BOLI/COLI Marketplace

Impact of Policy Sales in BOLI/COLI Marketplace Background Tax Cuts and Jobs Act of 2017 (TCJA) modified the prior-law exemptions of the Transfer for Value Rules (TFV Rules) to include new reportable policy sale requirements that apply to all transfers for valuable consideration.  This rule making has important implications for the Bank and Company Owned Life… Read more »

Salary Budget Predictions 2020

Reviewing Compensation Packages As the new year approaches, it is time for employers to consider salary increases for the 2020 year. The results produced by WorldatWork, an association of Total Rewards professionals, predict that salary increases will remain the same as 2019 or slightly increase by .1% from this year.  This slight increase is due… Read more »

The Importance of Employee Engagement

Tangible Benefits and Best Practices  David Fritz was featured in an article titled “Employee Engagement” in the Wisconsin Bankers Association’s July 2019 Magazine. David states, “The productivity of the organization improves and will be at a high level when you have people who believe in your company.” To read the entire article, visit the following… Read more »

David Fritz appointed to Board of AALU

David Fritz was recently appointed to the Board of Directors for The Association for Advanced Life Underwriting (AALU).  AALU advocates on behalf of all financial security professionals, servicing communities in every State, who help families and businesses secure their financial future and retirement goals.  In addition to joining the Board, David will be the Chairman… Read more »

Featured in Wisconsin Bankers Association’s March Magazine

Successfully Onboarding a New CEO David Fritz was featured in the article, “Strategy, Relationships and Communication,” in the Wisconsin Bankers Association (WBA)’s March 2019 magazine.  The article discussed ways to successfully onboard a new CEO.  According to Fritz, “A new CEO who is not effectively onboarded – no matter how qualified for the role –… Read more »

Fixed Rate Nonqualified Compensation Plan

Fixed Rate Nonqualified Compensation Plan As employers review their executive benefit packages in 2019, one old-fashioned plan design might come into vogue. That is the Fixed Rate Nonqualified Deferred Compensation Plan. For years, employers have offered their executives the opportunity to defer salary, bonus and equity compensation as a way to manage personal income tax,… Read more »

WHITEPAPER: Investing with Tight Liquidity

Management teams are responsible for ensuring that their company’s investments are getting the best returns. One investment option that they may consider is Bank Owned Life Insurance (BOLI) or Corporate Owned Life Insurance (COLI).  While BOLI/COLI can provide a variety of benefits, many companies with tight liquidity overlook life insurance as one of their investment… Read more »