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The Case for BOLI

A blog by Fabrizio D’Uva, Regional Director, BOLI & Non-Qualified Benefit Plans – February 3, 2015 With the new year upon us, it may be time for banks to reconsider BOLI, given the most recent positive trends regarding how it’s growing so impressively. BOLI (Bank-Owned…

The BOLI Boom: Is Your Bank a Part of It?

A blog by Andrew Strock, Regional Director, BOLI & Non-Qualified Benefits Plans, Pentegra Retirement Services – September 13,2016 Bank Owned Life Insurance (BOLI) is still on the rise. According to a recent report released first quarter 2016, BOLI assets reached $157.6 billion as of March…

Executive Benefit And Director Plans 101

…maximum design flexibility. WHY OFFER AN EXECUTIVE BENEFIT PLAN? Executive benefit plans are a critical component of any corporate benefits strategy. Executive benefit plans provide flexibility in developing benefit compensation strategies, as they can be used to: Provide replacement income at retirement based on total…

The BOLI Boon for Community Banks

…single premium insurance policy in which the bank is the beneficiary and owner. While banks often utilize BOLI as a tax shelter, given BOLI’s status as a tax-free asset, it is also utilized to help offset the ever-increasing costs of employee benefit programs.Evidence of BOLI’s…

Understanding the Importance of BOLI Third Party Administration

…service provider, uses The Pangburn Group (Pangburn) as its TPA for its BOLI and nonqualified executive benefit plan business. Independently owned and operated, Pangburn services more than 25 percent of the nation’s banks with BOLI. While other firms operating in the BOLI space perform both…

BOLI– Why the Benefits Outweigh the Concerns

…reported that the number of banks with more than $10 billion in assets holding BOLI increased 9.6 percent, and their BOLI assets increased 4.9 percent to $128.6 billion. The number of BOLI holders, and BOLI asset totals, also increased for banks with $1 billion to…

Long Awaited BOLI Clarification

…proposed regulations related to new reporting rules for certain transfers of life insurance policies, including BOLI. If adopted, those new regulations will clarify the tax reporting requirements for BOLI policies that are transferred as part of a bank merger or acquisition. BOLI policies generally insure…

Rising Interest Rates, BOLI, and You

…shelter given BOLI’s status as a tax-free asset, BOLI is also utilized to help offset ever-increasing employee benefit expenses. Unlike many investment security products, General and Hybrid Account BOLI are not mark-to-market assets. Banks earn income from the growth of the BOLI cash value and…

BOLI and the Changing Interest Rate Environment

A blog by Fabrizio D’Uva, Regional Director, BOLI & Non-Qualified Benefit Plans, and Andrew Strock, Regional Director, BOLI & Non-Qualified Benefits Plans – May 23, 2017 The Federal Reserve’s decision to raise its benchmark interest rate earlier this month –– the third such increase since…

The Lure of Non-Qualified Supplemental Retirement Benefit Plans

A blog by Fabrizio D’Uva, Regional Director, BOLI & Non-Qualified Benefit Plans – September 27, 2016 Non-qualified retirement plans are a growing trend in the banking industry, especially now as we continue to see the industry in full acquisition and consolidation mode: According to a…