Funding & Benefit Security

June 9, 2020 COLI · Deferred Compensation Plans · Funding & Benefit Security

Implications Of The Treasury Department’s Final Regulations On Reportable Policy Sales For 1035 Exchanges Made By Businesses

On October 31, the Treasury Department released its final regulations on Reportable Policy Sales (RPS). In addition to clarifying the tax implications for company-owned life insurance (“COLI”) and bank-owned life insurance (“BOLI”)…

June 8, 2020 COLI · Deferred Compensation Plans · Funding & Benefit Security

Impact Of Final Regulations On Reportable Policy Sales For COLI/BOLI Policies

Background The Tax Cuts and Jobs Act of 2017 (the “TCJA”) modified the prior-law exemptions of the Transfer for Value Rules (“TFV Rules”) to include new Reportable Policy Sale (“RPS”) requirements that apply to all transfers…

September 22, 2019 Deferred Compensation Plans · Funding & Benefit Security

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…

Weighing The Options For Informally Funding Non-Qualified Benefits

Informally funding deferred compensation programs can offer advantages to both participants and companies. The practice can help support a company’s promise to pay future benefits to plan participants while minimizing income statement volatility.