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 …

Bank Owned Life Insurance Deferred Compensation Blog

BOLI: Bank Owned Life Insurance, the What and the Why

Fulcrum Partners Deferred Compensation News

Bank Owned Life Insurance: Executive Overview Bank Owned Life Insurance (BOLI) is an institutional financial product used by the majority of U.S. banks. BOLI involves the purchase of single premium institutionally-priced permanent life insurance on eligible consenting bank officers. The bank is the owner and beneficiary of the policies. Initial lump-sum premium investment equals cash surrender value on day one. …

Nonqualified Plans

Nonqualified Plans: Understanding the Fundamentals

Fulcrum Partners Deferred Compensation News

Background: Since the passage of The Employee Retirement Income Security Act of 1974 (ERISA), companies have found it difficult to provide their top executives with a retirement accumulation program that matches the level of benefits the average employee will receive. The Gap is Real   This information is from the Principal Financial Group® Replacement Ratio Calculator with source information from …

Your Fiduciary File: What Plan Sponsors Should Keep

Fulcrum Partners Deferred Compensation News

With tax season in full swing, lists of “What records to keep at tax time” or “How long to keep my tax records” are always plentiful on financial and lifestyle blogs and websites. But last week, the Strategic Retirement Partners blog published a helpful checklist that deals specifically with which records to keep (and for how long) in a Fiduciary …

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 …

Disclosure on the CEO Pay Ratio: What’s the Right Approach?

Disclosure on the CEO Pay Ratio: What’s the Right Approach?

Fulcrum Partners Deferred Compensation News

Winston & Strawn attorney, Mike Melbinger, asks (and answers) a question that may be puzzling your organization. “What’s a company to do when professionals are recommending that companies keep CEO pay ratio disclosures simple while stakeholders are demanding companies publish all the details?” Read, his blog post below, for his updates and insights on this corporate conundrum. Wait! Some Investors …

Make a Mistake on Your Estimated Taxes? You’ll Get a Little Grace from the IRS This Year

Make a Mistake on Your Estimated Taxes? You’ll Get a Little Grace from the IRS This Year

Fulcrum Partners Deferred Compensation News

With the Tax Cuts and Jobs Act (TCJA) of 2017 overhauling many aspects of personal income tax, this year’s filing is sure to be challenged by plenty of tax payer confusion. On January 16, the Internal Revenue Service (IRS) announced that it would be waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated …

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 …

board room

Do You Need a Retirement Plan Committee?

Fulcrum Partners Deferred Compensation News

From Strategic Retirement Partners (SRP), originally published December 27, 2018, on the SRP Blog. Who Should Serve on My Retirement Plan Committee? Do we need a retirement plan committee? If your plan requires an independent audit, you should have a retirement plan committee in place and meet regularly. Your auditor is likely to request committee meeting minutes as part of …

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 …