On Monday, October 18, EBN had the opportunity to volunteer for the Hunger task Force Farm in Franklin, Wisconsin. We learned so much about the Hunger Task Force and all that they provide for the Community. We were grateful to help such a great Organization. We spent the afternoon washing over 1,500 pounds of collard greens!
Volunteer Day at the Guest House in Milwaukee
EBN taking time to volunteer EBN spent the morning of August 19, learning about and volunteering at the Guest House of Milwaukee. The Guest House of Milwaukee provides shelter, housing, education and services to Milwaukee’s homeless who seek to transform their lives with dignity and purpose. We were able to work in The Cream City Gardens… Read more »
Case Study: Group Term Carve-Out for a Community Bank
The Challenge The Bank was looking for another benefit to reward and retain its leadership team. The Solution EBN implemented a Group Term Carve-Out (GTCO) and Short-Term Incentive Plan (STIP). The GTCO was originally placed on 16 individuals. The GTCO “carves-out” a group of key employees from the group term life insurance plan and replaces… Read more »
New Rules on Disability Claims
DOL rules and Disability Claims The DOL has presented new rules regarding the claims procedures for disability benefits in employee benefit plans effective April 1, 2018. These new rules were established to provide additional protection for participants of long-term and short-term disability plans, 401(k) and qualified retirement plans, non-qualified deferred compensation plans and SERPs. Companies… Read more »
How to Choose the Select Group for a Top-Hat Plan
In today’s market there is a much stronger focus to recruit, retain and reward your key executives. It is important to ensure your executive’s goals are in line with the company’s goals and that both the executive and company see a future in one another. Many companies are implementing Top-Hat plans, which are nonqualified deferred… Read more »
Whitepaper: The Role ESOPs Play in Bank Succession Planning
There are multiple ways to recruit, retain and reward your key executives that can also be tied to the succession plan of your bank. One example is the implementation of an Employee Stock Ownership Plan (ESOP). An ESOP is an employee benefit plan that many banks and corporations use to retain their leadership team and… Read more »
Video: Compensation Planning in Today’s Talent Market
How do banks attract young employees and retain key executives? David Fritz Jr. and Patrick Marget of Executive Benefits Network explain that bank compensation plans should appeal to multiple generations and outline how Bank-Owned Life Insurance (BOLI) can offset compensation costs. Challenges in Attracting & Retaining Employees Focusing on Long-Term Incentives BOLI’s Role in Compensation… Read more »
EBN Featured in the August 2017 Milwaukee Magazine
“The Faces of Milwaukee” Executive Benefits Network was featured in the August 2017 Edition of Milwaukee Magazine in “The Faces of Milwaukee” Section!
Tax Reform and Life Insurance Planning
AALU Tax Reform Update The AALU recently released an update on the much-anticipated tax reform and how it impacts life insurance planning. President Trump wanted to have the tax reform completed by August, however, it has now been pushed back to the end of 2017. Health care reform continues to loom large as a hindrance… Read more »
Financial Planning on the (Possible) Eve of Tax Reform
Tax Reform Status President Trump’s tax reform proposal mirrors what he promised during his campaign. With the prospect of major tax reform on the horizon, it is important to stay calm, be proactive, and plan ahead when it comes to your financial planning. Tax reform has received a lot of press recently. But it is… Read more »