In the wake of the July 6, 2024 U.S. Supreme Court ruling on Connelly v. United States, closely held business owners with redemption buy-sell agreements may now face higher estate… Read more »
Non-Compete Contracts, Goodbye
It is estimated that 30 million workers, nearly one in five Americans, are subject to non-compete agreements, according to the Federal Trade Commission. Until recently, non-compete agreements have been a… Read more »
BOLI with Tight Liquidity
In this high interest rate environment, the yields on Bank Owned Life Insurance (BOLI) are still attractive. BOLI continues to be desirable and has remained competitive to other bank investments… Read more »
Whitepaper: Establishing the Right Compensation Package
Designing a compensation package for a company is a multi-faceted process. In this Whitepaper, we discuss the key components of an overall compensation package, determine the result of not providing… Read more »
Family-Owned and Closely-Held Retreat Reflections
Recently, David Fritz and Pat Marget were panelists at the Wisconsin Bankers and Illinois Bankers Association’s Family-Owned and Closely-Held Bank Strategic Retreat held in Madison, Wisconsin. The discussions with the… Read more »
Why Own Bank Owned Life Insurance (BOLI)?
Each year, there is an increasing amount of Bank Owned Life Insurance (BOLI) purchased in the United States. BOLI is life insurance owned by the bank and issued on the… Read more »
Factors in Choosing the Top-Hat Group
Determining Who is in the Select Group In today’s market there is a strong focus to recruit, retain and reward your key executives. To accomplish this, companies are implementing Top-Hat… Read more »
Salary Budget Predictions 2020
Reviewing Compensation Packages As the new year approaches, it is time for employers to consider salary increases for the 2020 year. The results produced by WorldatWork, an association of Total… Read more »
Bank Nonqualified Benefit Plan Study
2019 Compilation of Nonqualified Benefit Plans The goal of this study is to provide useful information to the banking community and to reflect common market practices pertaining to Nonqualified Benefit… Read more »
Fixed Rate Nonqualified Compensation Plan
Fixed Rate Nonqualified Compensation Plan As employers review their executive benefit packages in 2019, one old-fashioned plan design might come into vogue. That is the Fixed Rate Nonqualified Deferred Compensation… Read more »