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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…

Enhancing Your Bank’s Competitive Position with an Executive Benefit Plan

until retirement. Arrangements can include deferred salary and bonuses as well as director fees—including board meeting and retainer fees—allowing greater tax deferred dollars than can be made on an individual basis. Supplemental Executive Retirement Plans (SERP) A Supplemental Executive Retirement Plan (SERP) is an executive

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

A blog by Kevin Killian, Vice President & Director of BOLI Services, Pentegra Retirement Services – May 12, 2016 Bank-owned life insurance (BOLI) can be a valuable asset for banks of all sizes, including community banks. Offered by most major insurance carriers, BOLI is a…

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

We believe that BOLI’s response to the changing environment is a positive one that banks should consider to enhance the performance and diversity of their balance sheets. BOLI is not a mark-to-market asset, which means that banks can expect their BOLI rates to rise as…

The Lure of Non-Qualified Supplemental Retirement Benefit Plans

A SERP is also designed as a deferred compensation agreement between the company and the key executive, with the company agreeing to provide supplemental retirement income to the executive and his family if certain pre-agreed eligibility and vesting conditions are met by the executive. The…