WHITEPAPER: Group Term Life Insurance Carve-Out Plans

Employer-sponsored life insurance has traditionally played an important role in an executive’s pre-retirement planning for family and financial obligations.  Many view the group life insurance plans as a large part of their estate planning strategy.  Group life plans however, are not portable at retirement thus creating a void in the Executive’s planning needs.  A company… 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 »

Business Succession Planning

The Purpose of Succession Planning As the Senior Leadership teams in the business industry approach retirement, creating and developing the company’s succession plan is critical.  Along with creating a succession plan, it is important for key executives to plan for retirement. When retirement planning is ignored and not clearly communicated, even the most thorough succession… Read more »

Chess Moves for CFOs

Eliminating duplicate costs are a big part of a CFO’s job. Companies are spending money on bonding and benefits as they search for more efficient ways to manage cash flows, taxes, and costs. Most companies are required to have a strong balance sheet for bank covenants or bonding purposes and are missing an easy way… 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 »

Using Life Insurance to Supplement Retirement Income

Reasons for Life Insurance When it comes to putting aside funds for a Business Owner’s retirement, the options beyond qualified plans are limited.  Owners of pass through entities are taxed on the profits of their business regardless of what they do with the Company’s money.  To build a source of retirement income that grows tax-deferred and could… Read more »

Top 2017 Compensation Questions To Ask

It’s no secret that the new administration has very different governance practices and priorities.  Congress and CEO Pay Ratio regulations are being examined and the SEC has opened the topics for discussion.  Change is here and boards will likely encounter unforeseen challenges during the transition.  This begs the question: How can boards prepare their organization… Read more »