Analysis of Existing Supplemental Benefit Plans

Keeping the key drivers of your bank rewarded and motivated takes forward thinking – strategic forward thinking.

How does your benefit plan stack up?

On Plans --

When it comes to evaluating your current supplemental benefit plans, here are four typical areas of concern prevalent with banks/bankers:

Do you currently have the most appropriate plans in place to motivate and reward your top executives and directors?

How well is your plan document written? Are there ambiguities, omissions or non-compliant terminology?

Are you protected in the event of death, disability or change of control?

What are your payouts based on – fixed amounts or a final percentage of pay? It can make a major difference.

Financial Questions –

How does the yield of your BOLI investment stack up when compared to current alternatives? Even 50 bp can translate into serious bottom-line returns that will more than offset supplemental benefit plan costs.

What is the credit worthiness of your BOLI insurance carriers?

Are you getting accurate and timely reporting?

Is your vendor the same firm that conducts reviews?



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Analysis Benefit Plans Financing Strategies Regulatory Compliance & Administration	Analysis of Existing Supplemental Benefit Plans Keeping the key drivers of your bank rewarded and motivated takes forward thinking – strategic forward thinking. How does your benefit plan stack up? On Plans -- When it comes to evaluating your current supplemental benefit plans, here are four typical areas of concern prevalent with banks/bankers: Do you currently have the most appropriate plans in place to motivate and reward your top executives and directors? How well is your plan document written? Are there ambiguities, omissions or non-compliant terminology? Are you protected in the event of death, disability or change of control? What are your payouts based on – fixed amounts or a final percentage of pay? It can make a major difference. Financial Questions – How does the yield of your BOLI investment stack up when compared to current alternatives? Even 50 bp can translate into serious bottom-line returns that will more than offset supplemental benefit plan costs. What is the credit worthiness of your BOLI insurance carriers? Are you getting accurate and timely reporting? Is your vendor the same firm that conducts reviews?