Good Reason Termination

Navigating the Issues of a Good Reason Termination

Fulcrum Partners Executive Benefits News

We focus so much on attracting and retaining key talent here, on Deferred Compensation News and Updates, that we rarely talk about issues of termination. Last month, Michael Melbinger Partner Chicago, Winston & Strawn, addressed this issue in a two-part blog post that examines the facts of Barney v. Zimmer Biomet Holdings, a case involving an executive’s efforts to exit …

SALT State and Local Taxes How Nonqualified Plans Can Help Protect Retirement Income

SALT State and Local Taxes: How Nonqualified Plans Can Help Protect Retirement Income

Fulcrum Partners Deferred Compensation News, Executive Benefits News

The tax overhaul signed into law in December 2017 (Tax Cuts and Jobs Act) set a $10,000 cap on state and local tax (SALT) deductions that can be taken from US federal income taxes. High-income earners who live in areas where state and local taxes are steep, such as California, New Jersey, New York and many other venues, are getting …

Security Tips for Plan Sponsors

6 Security Tips for Plan Sponsors to Help Participants Avoid Fraud

Fulcrum Partners Deferred Compensation News, Executive Benefits News

Strategic Retirement Partners (SRP) share the following helpful tips for plan sponsors who seek to do all that they can to keep plan participant accounts secure and fraud-free. Six Easy Steps to Keep Your Plan Assets Safe Cyber fraud is a growing concern globally. Individuals are typically very careful to keep their bank account and email authentication information safe, but …

What the Sale of Great-West Life Signals for the Future of Institutional Life Insurance

What the Sale of Great-West Life Signals for the Future of Institutional Life Insurance

Fulcrum Partners Executive Benefits News

Among the solutions Fulcrum Partners offers organizations for informally funding nonqualified retirement plans is the design of institutionally priced corporate owned life insurance (COLI) and bank owned life insurance (BOLI). Although a high percentage of Fortune 500 companies rely on COLI or BOLI products to tax-efficiently fund liabilities, there are a limited number of large, established insurers in the business …

Executive Benefit Benchmarking and Strategic Planning

Why Does Executive Benefit Benchmarking and Strategic Planning Matter So Very Much?

Fulcrum Partners Executive Benefits News

On the surface, two plans may appear equal. Yet, when skillful executive benefits professionals analyze the plans, disparities become glaringly obvious. Cost to the company, reward to the executive, flexibility of benefits, and tax ramifications can vary drastically. Plan sponsors typically work diligently to decrease the costs of qualified retirement plans, healthcare plans, and other welfare benefit offerings. But do …

Follow-up Insights: Final Rules for Disclosure of Hedging Policies (Dodd-Frank)

Follow-up Insights: Final Rules for Disclosure of Hedging Policies (Dodd-Frank)

Fulcrum Partners Executive Benefits News

Following up on the post from Tuesday, Final Rules for Disclosure of Hedging Policies (Dodd-Frank), Mike Melbinger, Partner, Winston & Strawn,  shares these additional insights on the Securities and Exchange Commission’s (SEC) final ruling regarding the Dodd-Frank Act Section 955.   Details on the SEC’s Final Rules on Hedging Policies (originally published Jan 7, 2019)   As I blogged at …

#ICYMI Understanding Top Hat Plans

Fulcrum Partners Executive Benefits News

Don’t Put Away Your New Year’s Eve Top Hat Just Yet! Over the past five-plus years of publishing Deferred Compensation News, (previously known as Fulcrum Partners News), no topic has ever attracted as many views or as much traffic as that of “Top Hat Plans.” In November 2018, the AALU Washington Report addressed some of the challenges and lack of clear …

Deferred Compensation Plans: 4 Reasons Why They Matter, Year After Year

Fulcrum Partners Executive Benefits News

According to a report published last year by Principal Life Insurance Company, research continues to show that a deferred compensation plan plays a significant role in helping the plan’s participants reach their retirement goals. In fact, progress toward their retirement savings objective continues to be the primary motivation for plan participation. Additionally, reaching retirement savings goals plays the largest role …

The Role of Compensation Committees in Mitigating Potential Risks of Subject Performance Goals

Fulcrum Partners Executive Benefits News

The Deferred Compensation News is pleased to publish the following post, written by Michael S. Melbinger, Winston Strawn LLP, previously published by the Executive Compensation Blog. Subjective Performance Goals After Elimination of the Performance-Based Compensation Exception The performance-based compensation exception to Code Sec. 162(m)’s $1 million cap on deductible compensation was eliminated by the Tax Cuts and Jobs Act of …