Volunteer Day – Habitat for Humanity

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.

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 »

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 »