For most companies, preparing a request for proposals for third-party administrators (TPAs) of nonqualiNed retirement plans is a relatively infrequent occurrence, compared with doing so when seeking TPAs for other types of beneNt plans. For that reason, companies may not follow some best practices for creating such RFPs.
2015 – How to Pick a TPA for a Non-Qualified Plan 7 Tips
For most companies, preparing a request for proposals for third-party administrators (TPAs) of nonqualiNed retirement plans is a relatively infrequent occurrence, compared with doing so when seeking TPAs for other types of beneNt plans. For that reason, companies may not follow some best practices for creating such RFPs.
BOLI Market Update – 2Q 2021 Further Contraction of Treasury Yields
Fed Signals Rates Will Stay Low – Purchases Accelerate in Q4 Into the twelfth year of historically low interest rates, and with the Federal Reserve announcing rates will not move until 2023, several headwinds continue to put a damper on bank earnings.
Prudential Announces Sale of Retirement Business to Empower – US Subsidiary of Great West Life
On July 21st, Prudential Financial announced the sale of its retirement segment to Empower, a large player in the qualified retirement plan marketplace, for $3.55 Billion.
Disability Insurance Reminder
Disability insurance tends to be one of the most overlooked benefit programs in corporate America today. However, an employee experiencing a disability event is a real threat to employers, as 25% of employees entering the workforce…
Biden Releases Budget and Green Book
FINSECA Takes a Deep Dive into the Green Book On Friday, May 28th the Biden Administration released the 6 trillion-dollar budget for the upcoming fiscal year.
Why Hundreds of Insurance Carriers Hold ICOLI
Hundreds of insurance carriers hold insurance company-owned life insurance (ICOLI) as part of their investment strategy.
Is ICOLI Worth the Effort?
Insurance company owned life insurance (ICOLI) can provide an increase in retained yield on a given investment. Usually, the pickup is more than +150bps per year.
Retirement Savings Crisis in the United States
The retirement savings gap in the United States is nothing new – for at least the last decade experts have warned that savings rates are down. Exacerbating the issue is the pandemic of 2020.
Basic Taxation for ICOLI
ICOLI can provide improvements to your investment returns, but how is this asset treated for tax purposes? ICOLI Taxation ICOLI is a tax-preferred asset. (See IRC secs. 7702, 72(e), and 101(j)) Taxation Investment into the contract…