PONTE VEDRA BEACH, FL — (Oct 15, 2019) Thanks to the support of Co-Founder and Managing Director, G. Scott Cahill, Fulcrum Partners, LLC was recognized as a corporate sponsor of the Luis Palau Association’s Love Côte d’Ivoire Festival. For more than 50 years, Luis Palau and his team have led ministry events around the world, sharing their faith through evangelism …
Anthropologist Margaret Mead’s famous quote, “Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has,” appears more than once on the Fulcrum Partners website. By most standards, our core team of managing directors and financial consultants are a “small group”. However, they take their responsibility to effect …
Last week, The Clorox Company announced a new initiative that ties executive pay to the realization of environmental, social and governance (ESG) goals. In tying executive pay to sustainability goals The Clorox Company joins oil companies Royal Dutch Shell PLC and BP PLC, corporations that have already implemented similarly inspired executive pay or bonus structures. Laura Stein, Clorox executive vice …
Insights from SRP | Strategic Retirement Partners: Change is Coming if Your Plan Uses a Limited Scope Audit The American Institute of Certified Public Accountants, Inc. (AICPA) issued a new statement in July changing the requirements for its members that perform retirement plan audits. Previously, if a large plan utilized the limited scope audit option, the auditor effectively could …
The following article, originally published on the Executive Compensation Blog by Attorney Michael S. Melbinger, is republished here with permission. Compensation Clawback Attempts Lead to Unintended Consequences Just back from another excellent CompensationStandards.com/NASPP* Annual Conference. Among the many new and interesting topics explored was an issue related to compensation clawbacks, which recently has been thrust into prominence. The …
We’ve added a page to the Fulcrum Partners website, outlining our step-by-step executive benefits consulting process. You’ll find the page as a link off our “Team” page, clickable from the on-page hyperlink: 7-Step Executive Benefit Plan Consulting Process. Although we’ve previously shared the executive benefits consulting process on Deferred Compensation News and Updates and we include a downloadable PDF, we …
This article was first published on September 18, 2019 and is republished here with permission of PLANADVISER. How NQDC plans can help plan sponsor clients attract, retain and reward key employees and executives. By Lee Barney From left: Jeff Roberts, ADP; Phillip L. Currie Jr., Fulcrum Partners; and Corby Dall, 401k Advisors Intermountain. Photograph by Matt Kalinowski. In “The Value of …
Read more about some of the most-popular recent posts here on Deferred Compensation News and Updates: Sixth Circuit Nonqualified Deferred Compensation Plan Decision Highlights Importance of Code Section 409A Compliance and ERISA (the Employee Retirement Income Security Act of 1974) Claims Procedures Attorneys Greg Daugherty and Dave Tumen of Porter Wright, shared insights on why being subject to ERISA may be a good thing for nonqualified …
The annual deadline for shareholders of most companies to submit proposals on executive compensation is December. With the 4th quarter approaching, this blog post by Attorney Michael S. Melbinger provides timely insights. Company Must Include in Proxy Shareholder Proposal Limiting Future Equity Grants Written by Michael Melbinger, first published on the Executive Compensation Blog, 7-16-2019. Proxy season is essentially over, …
Fulcrum Partners is sharing this reminder from the team at IslerDare PC regarding the electronic filing of top-hat submissions. The August 2019 issue of Employees Benefits Update includes the following information: “Top-hat plans, which are unfunded plans that allow a select group of highly-compensated employees to defer compensation, must file a letter with the Department of Labor within 120 days …