On January 19, EBN had the opportunity to spend the morning volunteering with Prevent Blindness Wisconsin. As a team we did vision screening for 241 children at a local Milwaukee Elementary School and referred 93 students to further vision care. We had a fun morning as a team and always enjoying partnering together.
On Wednesday, June 29th, the EBN team took time away to volunteer with Milwaukee Habitat for Humanity. We had a great day framing, siding and mulching at the house and working together as a team. It was such an impactful day and we look forward to future opportunities helping the community.
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!
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 »
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 »
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 »
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 »
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 »
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 »
“The Faces of Milwaukee” Executive Benefits Network was featured in the August 2017 Edition of Milwaukee Magazine in “The Faces of Milwaukee” Section!