Martha Petitjean – Executive Benefits Coordinator Executive Benefits Network provides fee-free access to client’s financial information, including illustrations and annual reports. This is not the case with most companies. As… Read more »
Split-Dollar Plans and Net Amount at Risk Considerations
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 Continued Operations and Cash Need
Background: Prior to September 11, 2001, the airline industry went into a deep recession and many airlines were struggling. Cash flow was king and retaining key executives was paramount. This… Read more »
Avoiding Inadvertent Taxable Gifts: Crummey Powers and ILIT Trustee Responsibilities
Avoiding Inadvertent Taxable Gifts: Crummey Powers and ILIT Trustee Responsibilities Lindsey M. Bessy, ALMI, CLTC, MBA, CLU, CASL- Financial Representative Many individuals follow an annual gifting strategy that involves making… Read more »
Minimize FICA Taxes in Nonqualified Deferred Compensation Plans
Nikki Kook- Marketing and New Business Coordinator Minimize FICA Taxes in Nonqualified Deferred Compensation Plans Nonqualified Deferred Compensation (NQDC) plans have become increasingly popular along with the higher income tax… 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 »
The Pickle of Term vs. Perm
Nikki Kook- Marketing and New Business Coordinator Longevity and insurance. What do these have in common? Although technological and medical advances are wonderful and give us more time with our… Read more »