by Feminella, Amy | Sep 26, 2021 | Bank advisors, Compensation Advisors, Insights, News
Key Points Supplemental executive retirement plans, commonly referred to as SERPs, are valuable compensation tools that organizations can use to attract and retain executive talent. Today, the majority of non-qualified deferred compensation plans (56.1%) being...
by Feminella, Amy | Jun 27, 2021 | Bank advisors, Compensation Advisors
Far gone are the days where you can retain a top employee with a once annual holiday bonus! Whether your bank is going through a merger, sale, or substantial transaction, it is essential that you create deferred compensation plans that aid in retaining your top talent...
by Feminella, Amy | May 30, 2021 | Credit Union Advisors
There are many benefits to utilizing deferred compensation plans. For credit union executives, deferred compensation plans bring long-term benefits that extend far beyond salaries and bonuses, including perks like additional life insurance and cash payouts. As we...
by Feminella, Amy | May 10, 2021 | Credit Union Advisors
Deferred compensation plans can be a valuable tool for your credit union. In the current market, we’re seeing a lot of executive turnovers as well as tremendous competition for talented individuals across the marketplace. Deferred compensation plans can be a sound...
by Feminella, Amy | Apr 5, 2016 | Compensation Advisors, Insights
The IRS imposes limitations on qualified plan contributions, putting highly compensated employees (HCEs) at a disadvantage when saving for retirement. Nonqualified deferred compensation (NQDC) plans were designed to provide a supplemental benefit for HCEs, but in...
