It’s July 1, and former Major League Baseball player, Bobby Bonilla, just banked another million or so of the estimated $29 million he draws from his extremely well-designed nonqual deferred compensation agreement with the New York Mets. Bobby Bonilla had a sixteen-year run in professional baseball. After helping the Pittsburgh Pirates take National League East Division titles in 1991 and 1992, Bonilla was acquired by the New York Mets, signing a five-year, 29-million-dollar contract. At the time, it made Bonilla the highest paid player in the National League.
Steve Broadbent, Senior Vice President, Retirement, at Fulcrum Partners, a OneDigital Company, saw his advocacy for increased public safety in Johns Creek, Georgia, come to fruition with the ribbon cutting of Fire Station 64. The new fire station is intended to significantly improve the fire department’s service delivery and response time in the northern and west central areas of Johns Creek, an Atlanta suburb.
Just when you needed a window for scheduling some time off, June rolls in with a shorter than usual checklist of health and retirement benefits deadlines to meet. Thank you, as always, to our friends at IslerDare PC for providing us timely reminders and permitting us to share them with readers of Deferred Compensation News.
In a post-2020 landscape, what changes to the design and purpose of executive benefit plan design impact CFO decision making? A look at NQDC advantages and benefit success strategies.
Questions about employee compensation in a post-pandemic workplace are still front and center for workers and employers.
ARPA doubles, for publicly traded companies, the number of employees subject to the annual $1 M compensation deduction limit.
Clawback provision in corporate America may be changing. Here’s why (and how) #ReadMore
Deep Dive: 162(m) grandfathering rules for account balance plans & non-account balance plans.
As you question, “where did this month go already” remember to review this list of benefits deadlines. Thank you Isler Dare PC for providing this checklist for us to share.
Your first strategic step in making executive comp decisions in 2021 starts with Fulcrum Partners.