Fulcrum Partners publishes report examining how companies may be unintentionally shortchanging the key executives they rely on most.

Shortchanging Key Executives: New Report by Fulcrum Partners

Share this Post

PONTE VEDRA BEACH, FL — (May 6, 2019) Fulcrum Partners, one of the nation’s largest executive benefits advisories has released a report examining how companies may be unintentionally shortchanging the key executives they rely on most. The report, titled, The Benefits Gap: How it Happens and How to Fix Itis available for download on the  Fulcrum Partners website at  www.fulcrumpartnersllc.com.

“As organizations deal with the effects and aftereffects of the COVID-19 pandemic, retaining their key executives and decisionmakers is more important than ever,” said Scott Cahill, a Partner & Managing Director at Fulcrum Partners. “Often, neither Compensation Committees nor the executives themselves realize that the corporate spend for the disability and retirement plans of top leadership, based on percentage of salary, typically falls short, when compared to what a company is spending on its core employees.”

“The Benefits Gap: How it Happens and How to Fix It” shares specific examples illustrating how key executives fall short in group long term disability and retirement benefits. The report also includes examples of income protection and retirement plan solutions. 

“By following IRS Section 409A rules and deferring tax deductions, for example, an employer can allow eligible participants to defer, on a pre-tax basis, up to 100 percent of compensation,” said Partner & Managing Director, Bruce Brownell. “This strategy can restore benefits lost to the key executive because of 401(k) limitations. But the emphasis here is on ‘adhering to 409A regulations’.

“Each situation has unique considerations, especially as companies work to stay in compliance with loans, tax breaks or other relief they may have secured during the COVID-19 pandemic. This report is timely and, for many, eye opening.”

To read or download the report, visit Deferred Compensation News and Updates (www.fulcrumpartnersllc.com/news/).  Or click: The Benefits Gap: How it Happens and How to Fix It.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. Any tax advice contained herein is of a general nature. You should seek specific advice from your tax professional before pursuing any idea contemplated herein.

About Fulcrum Partners:

Fulcrum Partners (fulcrumpartnersllc.com) With a team of experienced industry professionals who serve with diverse skill sets, targeted experience and in-depth expertise in executive compensation and benefits consulting, the financial professionals at Fulcrum Partners focus on an integrated approach to the design, financing and plan administration of executive benefits programs. Fulcrum Partners LLC was established as a wholly independent, member-owned firm dedicated to helping organizations enhance their Total Rewards Strategy. Founded in 2007, today the company has offices in Atlanta, Georgia; Chicago, Illinois; Charleston, South Carolina; Columbus and Cleveland, Ohio; Delray Beach, Orlando and Ponte Vedra Beach, Florida; Honolulu, Hawaii; Los Angeles and Newport Beach, California; Portland, Oregon; Salt Lake City, Utah and Washington D.C. Learn more about the Fulcrum Partners Team at fulcrumpartnersllc.com/fulcrum-partners-team/.

Securities offered through Lion Street Financial, LLC (LSF) and Valmark Securities, Inc. (VSI), each a member of FINRA and SIPC. Investment advisory services offered through Lion Street Advisors, LLC (LSA) and Valmark Advisers, Inc. (VAI), each an SEC registered investment advisor. Please refer to your investment advisory agreement and the Form ADV disclosures provided to you for more information. VAI/VSI and LSF/LSA are non-affiliated entities and separate entities from OneDigital and Fulcrum Partners.

Unless otherwise noted, VAI/VSI, LSF/LSA are not affiliated, associated, authorized, endorsed by, or in any way officially connected with any other company, agency or government agency identified or referenced in this document.

Lion Street Advisors // Lion Street Financial

CONTACT: Steve Broadbent

Share this Post