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 …

Your Retirement Savings: What Changed with the Mid-Term Elections

Fulcrum Partners Executive Benefits News

It’s been just over a month since U.S. midterm elections yielded a partial change in command in Washington D.C. While the Republicans retained the Senate, Democrats won the House. Right now, you’re probably spending long hours on the holiday hamster wheel, where you and your staff try to complete 8 weeks of work and projects in 5 and a half. …

Action Items to Prepare for the 2019 Proxy Season

Fulcrum Partners Executive Benefits News

Deferred Compensation News is pleased to share this important end-of-year discussion featuring Attorneys Michael S. Melbinger and Nyron J. Persaud of Winston & Strawn LLP. Providing a checklist of action items to address in preparation for the 2019 proxy season, the presentation covers: Lessons Learned from the 2018 Proxy Season Changes in Law, Regulations, and Proxy Advisor Guidelines Since Last …

Deadline to Update Compensation Peer Group Is December 7

Fulcrum Partners Executive Benefits News

Attorney Michael Melbinger published this important update on the Executive Compensation Blog on November 19, reminding companies of the deadline for updating their compensation peer group and of the recent release of updates the benchmark proxy voting policies. Melbinger also promises further insights on the new policies, which we will be sharing next week on Deferred Compensation News. Consider Updating …

Tax Reform Elevates Split Dollar Arrangements As Incentive Plan

Tax Reform Elevates Split Dollar Arrangements As Incentive Plan

Fulcrum Partners Executive Benefits News, Fulcrum Partners NEWS

Many of you have likely been asked for guidance in determining strategies to attract, retain, and reward key individuals within a tax-exempt organization. Split dollar life insurance arrangements, where the employer advances policy premiums via a loan to the insured executive participant in exchange for an interest in the policy cash value and death benefit until the loan is repaid, …