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 »

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 »

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 »