With the recent news coverage of Oscar Munoz, the new chief executive officer of United Continental Holdings Inc. undergoing treatment at a Chicago hospital after suffering a heart attack, many people are reviewing what a loss of a senior leader could mean to a business and its value. They are reviewing the options available for… Read more »
Designing a Customized Benefit Plan
The design features of an executive benefit plan can help drive bottom line performance and retention. Each person is different, and each person has a different idea as to what is important to them. A Senior VP who is in his fifties may think retirement is more critical than a 30-year-old, while the 30-year-old believes… Read more »
Using an Association Endorsed Vendor – Is it in the Best Interest of the Bank?
Endorsed vendor status is used to position some firms to the front of the line with banks looking to purchase products or services. Is this in the best interest of the bank? Most banking associations have an endorsed vendor program. This entails a process of review by the association board and a selection process, which… Read more »
E-Filing Now Available for Top Hat Plan Statements
On September 30, 2014, the Department of Labor’s Employee Benefits Security Administration (DOL/EBSA) published a proposed regulation that would require electronic filing of “top hat” plan statements. A top hat plan is a nonqualified plan that is unfunded, covers a select group of management and/or highly compensated employees and allows the participant to defer income… Read more »