EXECUTIVE SUMMARY Many companies offer valued executives non-qualified benefits programs such as deferred compensation. While these programs are not eligible for funding through secured qualified plans, companies can…
Corporate Owned Life Insurance (COLI) – Overview
WHAT IS COLI? COLI is a funding strategy that has been broadly utilized by public and private companies, financial institutions, banks and insurance companies as a means of financing executive benefit obligations. COLI offers death benefit…
COLI Mechanics: Why Aggregate Funding?
Corporate-owned life insurance (“COLI”) is a financing alternative widely utilized by public and private companies, financial institutions, banks and insurance companies as a means of financing executive benefit obligations.
Prudential/PLANSPONSOR 2018 Executive Benefit Survey
The Top 10 Reasons Why Non-Qualified Deferred Compensation Plans Are Popular Many breathed a sigh of relief when the Tax Cuts and Jobs Act ultimately removed a provision that would have placed significant restrictions on nonqualified…
Section 162 Executive Bonus Plans
What is a 162 Executive Bonus Plan? A 162 Executive Bonus plan allows a business to provide life and/or disability income insurance to key executives using tax deductible dollars. Insurance policies are owned by the executives…
Funding & Benefit Security
Events during the past two decades have increased executives’ focus on the security of their non-qualified arrangements. This heightened awareness of benefit security comes at a time when companies, shareholders and the media are focused…
Shareholder Attempts to Add Clawback Provisions Fail
Shareholder Attempts to Add Clawback Provisions Fail In a recent trend, shareholders (primarily led by union pension funds) of large public companies have been pressuring compensation committees to add clawback provisions to executives’ contracts.