Andrew Bainbridge- Client Service Specialist Employer owned split-dollar life insurance is a method of sharing both the obligations and benefits of life insurance with an employee while also providing an… Read more »
Are Nonqualified Defined Benefit Plans (SERPs) Still Relevant?
Dylan Habeeb – Presentation and Case Design Specialist The current problem facing Defined Benefit Plans (both Qualified and Nonqualified) in the corporate market: It is estimated that 93% of Qualified… Read more »
Using an Association Endorsed Vendor – Is it in the Best Interest of the Bank?
Endorsed vendor status is used to position some firms to the front of the line with banks looking to purchase products or services. Is this in the best interest of… Read more »
E-Filing Now Available for Top Hat Plan Statements
On September 30, 2014, the Department of Labor’s Employee Benefits Security Administration (DOL/EBSA) published a proposed regulation that would require electronic filing of “top hat” plan statements. A top hat… Read more »
BOLI / COLI Case Study: Supports Business Succession and the Executive’s Family
Background: The bank implemented a Salary Continuation Plan as a way to reward and retain certain key executives. The Bank purchased BOLI as way to informally finance this benefit plan… Read more »
BOLI / COLI Case Study: Offset Increased Health Insurance Expenses
Background: Facing an issue that is not uncommon today, a bank incurred an 8.9% increase in its health insurance premiums. Because of lower margins and a low-yield environment, the bank… Read more »
Hybrid BOLI: Beware of Treatment Under Basel III
NOTE: Pangburn publishes article confirming EBN’s views on Hybrid BOLI and Basel III. Read it HERE. R. David Fritz, Jr., CLU – Managing Partner and Co-Founder, Executive Benefits Network Most… Read more »
Succession Planning for Community Banks
In lieu of our Succession Planning for Community Banks WEBINAR on September 3 at 10am CDT, below is the whitepaper on the same topic. Please CONTACT US if you have questions or… Read more »
Why Smaller Banks Are Buying Employee Life Insurance (BOLI)
Original article from American Banker by Chris Cumming June 25, 2014 Smaller banks are slowly adopting bank-owned life insurance as a way to counter shrinking loan margins and diminished returns… Read more »
IRS Announces New Program to Audit 409A Compliance
R. David Fritz, Jr., CLU IRS Announces New Program to Audit 409A Compliance Last month, the Internal Revenue Service announced that a Compliance Initiative Project (CIP) was underway involving a… Read more »