Deferred Compensation News and Updates

Deferred Compensation News brings you the latest information and insights on 409A nonqualified deferred compensation; institutional COLI, BOLI, and ICOLI; tax-and cost-efficient non-COLI funding strategies; low-cost tax managed non-COLI asset/liability designs; executive benefits benchmarking; succession planning and timely issues of executive pay and benefits. Click here to read all recent articles related to the impact of the COVID-19 Pandemic.
Featured image for “Fulcrum Partners SVP Advocates for Increased Public Safety”
June 22, 2021

Fulcrum Partners SVP Advocates for Increased Public Safety

Fulcrum Partners LLC

Steve Broadbent, Senior Vice President, Retirement, at Fulcrum Partners, a OneDigital Company, saw his advocacy for increased public safety in Johns Creek, Georgia, come to fruition with the ribbon cutting of Fire Station 64. The new fire station is intended to significantly improve the fire department’s service delivery and response time in the northern and west central areas of Johns Creek, an Atlanta suburb.
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Featured image for “Tax Reform and the Challenge for Nonprofit Hospitals and Other Organizations”
March 12, 2018

Tax Reform and the Challenge for Nonprofit Hospitals and Other Organizations

Fulcrum Partners LLC

When it comes to tax reform, there’s always more than one side to the story. Dozens of American corporations are making headlines, sharing the wealth created when the Tax Cuts and Jobs Act left them with unexpected windfalls. Some organizations are distributing one-time bonuses to their employees, and other companies are using the tax reduction as an opportunity to increase starting salaries, hand out raises, pay down debt, or augment company contributions to employee 401(k) plans. Yet even as the Tax Cuts and Jobs Act is creating short-term gains for many organizations and generally simplifying recordkeeping and the filing of federal returns for millions of taxpayers, other organizations are in a very different position. Specifically, nonprofits with highly compensated employees, such as colleges and universities with highly paid leadership or top-talent sports coaches, high-profile charities, and nongovernment nonprofit community hospitals are positioned to feel the burn of the new tax laws. How Nonprofit Hospitals May be Impacted by Tax Reform Included among the recent tax code modifications that can potentially affect nonprofit organizations are these changes: Each of the top 5 highest paid employees of any nonprofit face the prospect of a 21 percent excise tax on annual compensation above
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December 21, 2017

Fulcrum Partners Wishes You a Joyous Holiday

Fulcrum Partners LLC

Happy Holidays! As we celebrate this special season, Fulcrum Partners wishes you peace, happiness, and prosperity. From all of us at Fulcrum Partners, Merry Christmas, Happy Hanukkah, and a very Happy New Year!
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May 08, 2017

Fulcrum Partners is Honored to Help Support the American Heart Association

Fulcrum Partners LLC

Supporting the American Heart Association This year, Fulcrum Partners joins Amgen, Anika System and AT&T as a Winemaker Sponsor at the annual Heart’s Delight Wine Tasting and Wine Auction. The event, hosted in Washington DC, has helped raise more than $15M in the past seventeen years to support the American Heart Association. Heart’s Delight activities commence on May 10, with the Congress Has Heart Rooftop Reception, and include the Thursday night dinner series, the Vintners Dinner on Friday evening, and the Seminars and Grand Tasting on Saturday. Space is limited and reservations are honored in the order of receipt. If you would like to be part of the 2017 Heart’s Delight Wine Tasting & Auction, you may purchase tickets with a credit card by calling (703) 248-1720 or sending your check to: The American Heart Association 4601 N. Fairfax Dr. Suite 700 Arlington, VA 22203 Heart’s Delight Sponsorship Opportunities to Support the American Heart Association Sponsorship opportunities to help support this compelling cause are available at many levels. Visit  www.heartsdelightwineauction.org for more information or download the Heart’s Delight Presenting Opportunities guidelines here.
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Featured image for ““Life is Why” says the American Heart Association”
May 02, 2017

“Life is Why” says the American Heart Association

Fulcrum Partners LLC

For 17 years, Heart’s Delight has been one of the leading destination events for winemakers, culinary experts, and the event supporters who gather in Washington D.C. to raise a glass or two, as they raise funds to support the American Heart Association. With more than $15 M raised to date, the event has helped the American Heart Association in the fight against the number one disease in America. This year, Fulcrum Partners joins Amgen, Anika System and AT&T as Winemaker Sponsors. Hosted over four days beginning May 10, the program includes: Congress Has Heart; Embassy & Winemaker Dinner Series; the Vintners Dinner & Auction; and the Saturday Bordeaux Master Class & Grand Tasting. As the American Heart Association and the American Stroke Association remind us: Life Is Why “Everyone has a reason to live a longer, healthier life. What is your why? …family is why … love is why … my dad is why … travel is why …laughter is why …champagne is why … soccer is why …my friends are why … my second chance is why …wine is why …fishing with grandpa is why … ballet is why … my patients are why … my dancing is why
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January 01, 2017

Happy New Year from Fulcrum Partners LLC

Fulcrum Partners LLC

Ring out the old, ring in the new, Ring, happy bells, across the snow: The year is going, let him go; Ring out the false, ring in the true. from “In Memoriam” by Lord Alfred Tennyson Happy New Year Fulcrum Partners LLC
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December 24, 2016

Season’s Greetings 2016

Fulcrum Partners LLC

Season’s Greetings from Fulcrum Partners   May the joy of the holiday season stay with you throughout the coming year.
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Featured image for “Jonathan Kearn Joins Fulcrum Partners”
October 13, 2016

Jonathan Kearn Joins Fulcrum Partners

Fulcrum Partners LLC

Fulcrum Partners Executive Benefits Expands Orlando Team Ponte Vedra Beach, FL (October 13, 2016) With the announcement of the addition of financial consultant, Jonathan Kearn, Fulcrum Partners LLC, continues its aggressive expansion as one of the leading and largest executive benefits consultancies in the United States. Kearn, who will join the Fulcrum Partners Orlando office, is the fifth new financial professional to become part of the Fulcrum Partners team this year. Scott Cahill, a company founder and the managing director of Fulcrum Partners Orlando says, “The Fulcrum Partners strategic growth plan has resulted in significant expansion in our Orlando, Chicago, and Los Angeles offices over the past eight months. We’ve also seen steady growth at our nine other nationwide locations. Jon Kearn, with twelve years of private practice experience providing effective and efficient financial solutions, exemplifies the type of young talent Fulcrum Partners is attracting as an executive benefits consultancy that is both highly knowledgeable and disruptively creative.” Jonathan Kearn, formerly with New York Life, grew up in his family’s success-driven business, Kearn and Associates. He is a University of Florida Honors Program graduate, a graduate of the NYLIC University Insurance Program, and holds a Series 6 Securities license and
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Featured image for “Clawback of Excess Incentive-Based Compensation: Proposed SEC Rules Changes”
January 19, 2016

Clawback of Excess Incentive-Based Compensation: Proposed SEC Rules Changes

Fulcrum Partners LLC

Fulcrum Partners and the AALU have issued the following update regarding proposed SEC rules requiring member companies to clawback excess incentive-based compensation. While accepted theory often has recommended aligning executive compensation to a company’s financial performance, in light of the rules proposed by the Security and Exchange Commission, as well as other current market trends, companies may wish to reduce executive officers’ exposure to clawback by reducing compensation that is tied to the realization of corporate financial goals. The announcement is posted below and can be downloaded as a PDF on the Resources webpage for Fulcrum Partners LLC.  SEC’s Proposed Rules Requiring Member Companies to “Clawback” Excess Incentive-Based Compensation Clawback of Excess Incentive-Based Compensation, Proposed SEC Rules Changes About Fulcrum Partners LLC: Fulcrum Partners LLC is one of the nation’s leading and largest executive benefits consultancy. Its consultants focus on an integrated approach to the design, financing and plan administration of executive benefit programs. Fulcrum Partners offers its clients a unique combination of industry experts with diverse skill sets, targeted experience, and in-depth expertise in executive compensation and benefits consulting. Fulcrum Partners is a wholly independent, member-owned firm dedicated to help clients enhance their Total Rewards Strategy. About AALU: The AALU’s mission
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December 23, 2015

Fulcrum Partners LLC Wishes You Happy Holidays

Fulcrum Partners LLC

Fulcrum Partners LLC wishes you and your family a Merry Christmas and a Happy New Year May your days be merry and bright! I have always thought of Christmas time, when it has come round, as a good time; a kind, forgiving, charitable time; the only time I know of, in the long calendar of the year, when men and women seem by one consent to open their shut-up hearts freely, and to think of people below them as if they really were fellow passengers to the grave, and not another race of creatures bound on other journeys.” –Charles Dickens From The Managing Directors of Fulcrum Partners LLC: Andrew Hart, Steve Broadbent, Bruce Brownell, Scott Cahill, Joe Thompson, Roy Imai, Kristine Kopsiaftis, Tom Chisholm, Chris Nyland, Gus Comiskey, Jr., Stephen Kaufman, Phil Currie, Craig Cayford, and David Fisher  
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