21% Tax on 457(f) and Split Dollar Plans
How the 21% excise tax impacts 457(f) plans and split dollar arrangements and what credit unions should evaluate. Under the Tax Cuts and Jobs Act (the “Act”), an excise tax […]
The Impact of a Compensation Philosophy in The Credit Union Industry
How a clear compensation philosophy shapes leadership behavior, strengthens culture, and influences industry-wide standards. In the credit union industry, a well-crafted executive compensation philosophy shapes leadership behavior, reinforces organizational culture, […]
Choosing Between Limited Recourse, Full Recourse, and Non-Recourse Notes in Split Dollar Programs
With the recent upheavals in the financial markets, the dramatic rise in long-term interest rates, and reduction in caps for Indexed Universal Life policies, we are seeing increased focus on […]
Replacing an Existing 457(f) Agreement with a New Split Dollar Agreement
A 457(f) arrangement is a type of non-qualified deferred compensation plan, and taxation of that deferred compensation occurs at the first point when there is no substantial risk of forfeiture […]
Collateral Assignment Split Dollar Agreements
What credit union boards need to understand about loan structure, vesting, remedies, and risk in collateral assignment SERP designs. A Credit Union may choose to offer a split dollar agreement […]
Purchasing an existing Split Dollar Plan SERP loan from another credit union on a newly hired executive – FAQ
What credit union leaders should evaluate before acquiring an executive’s existing split dollar SERP loan. You just hired an executive that had a Collateral Assignment Split Dollar Plan SERP at […]
Split Dollar SERP: The Preferred Choice for Non-Profit Executives
Why many tax-exempt organizations are shifting from 457(f) plans to split dollar SERPs to manage tax exposure, compliance risk, and retention. For many years, the go-to form of supplemental retirement […]
457(f) Plan Overview
Key rules every executive should understand before structuring or evaluating a 457(f) plan. Background and General Rules Section 457(f) of the Internal Revenue Code (“IRC”) governs an “ineligible” deferred compensation […]
Planning for the Future: Investing in Your Leadership Team with SERPs
How SERPs strengthen leadership retention, align incentives, and support long-term organizational stability. In today’s fast-paced business environment, investing in your leadership team is more important than ever. One of the […]
Customizing Your Plan: Tailoring SERPs to Meet Your Organization’s Needs
How tailored SERP design strengthens retention, aligns with strategy, and meets the unique needs of your leadership team. In the ever-evolving business landscape, retaining key employees is more important than […]