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.
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October 20, 2021

Phil Currie, Fulcrum Partners, to Speak at Nonqualified Plan Advisor Conference

Phil Currie

Phil Currie, Fulcrum Partners, a OneDigital Company, will be a featured speaker at the NAPA Nonqualified Plan Advisor Conference.
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September 14, 2021

Fulcrum Partners Announces NQ Connect During Wealth + Retirement EVOLVE National Conference

Phil Currie

Fulcrum Partners team announces NQ Connect at the Wealth + Retirement EVOLVE National Conference.
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January 17, 2020

NQDC Plans in Today’s Business Climate

Phil Currie

As 2019 wound down, Plan Sponsor published a “2019 Survey” report that focused on nonqualified deferred compensation plans (NQDC plans).
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October 29, 2019

Fulcrum Partners Executive Benefits Hires Chief Administrative Officer

Phil Currie

PONTE VEDRA BEACH, FL — (October 29, 2019) Fulcrum Partners, executive benefits advisory, announces the hiring of Mike Powers, the firm’s new Chief Administrative Officer. Powers, who assumed the newly created role earlier this month, will manage the firm’s day-to-day operations and help facilitate strategic initiatives. Fulcrum Partners is one of the nation’s leading executive benefits consultancies and currently has more than $7 Billion in assets under management. With growth and expansion in all areas, the company has launched Enterprise 20/20, a forward-looking plan that is both strategic and tactical. “Essentially every aspect of our firm,” said Cofounder and Managing Director, Scott Cahill, “is impacted by Fulcrum Partners’ growth initiatives. The addition of a Chief Administrative Officer at this time is very important for us.” Mike comes to Fulcrum Partners with more than twelve years of experience, having served as the Executive Director, and prior to that the Vice President of Operations/Human Resources at an executive benefits and retirement consulting firm based in Ohio. Cofounder and Managing Director Bruce Brownell said, “Our blueprint for the decade ahead is vigorous. Given the growth and accomplishment Fulcrum Partners has achieved in the past twelve years, we are approaching 2020 prepared to maintain
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September 23, 2019

PANC 2019: The Value of Supplementary Plan Options

Phil Currie

This article was first published on September 18, 2019 and is republished here with permission of PLANADVISER. How NQDC plans can help plan sponsor clients attract, retain and reward key employees and executives. By Lee Barney From left: Jeff Roberts, ADP; Phillip L. Currie Jr., Fulcrum Partners; and Corby Dall, 401k Advisors Intermountain. Photograph by Matt Kalinowski. In “The Value of Supplementary Plan Options,” a session at the 2019 PLANADVISER National Conference (PANC), Jeff Roberts, regional channel manager for ADP, and two others, shared how to underscore that value to clients. In describing the most widely used of the options, nonqualified deferred compensation (NQDC) plans, Roberts noted these advantages: “[The plans] defer compensation for highly paid employees and help them save more for retirement voluntarily, while their employer can make contributions without discrimination testing. “You want to have this conversation with your plan sponsor clients before a competitor does,” he advised. “And if you don’t have the expertise in this area, you can bring in an expert.” To broach the subject with clients, Roberts suggested asking them, “‘What keeps you up at night? What are your goals?’ The answer might lead to deferred compensation [plans],” he said. The best prospects for
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September 20, 2019

Fulcrum Partners Deferred Compensation News Update

Phil Currie

Read more about some of the most-popular recent posts here on Deferred Compensation News and Updates: Sixth Circuit Nonqualified Deferred Compensation Plan Decision Highlights Importance of Code Section 409A Compliance and ERISA (the Employee Retirement Income Security Act of 1974) Claims Procedures Attorneys Greg Daugherty and Dave Tumen of Porter Wright, shared insights on why being subject to ERISA may be a good thing for nonqualified deferred compensation plans, particularly with respect to resolving disputes and claims for benefits. As they explained, “Even if it is questionable whether an NQDC plan is subject to ERISA (i.e., because it arguably does not provide retirement benefits or covers only one person), sometimes it might make sense to include ERISA claims procedures and file a top hat letter.” #ReadMore: For an NQDC Plan, Being Subject to ERISA May Be A Good Thing Fulcrum Partners Managing Director Phil Currie Presented at PLANADVISER Conference Managing Director Phil Currie of Fulcrum Partners and Jeff Roberts CPC, Regional Channel Manager ADP Retirement Services were featured presenters at the PLANADVISER National Conference hosted this week in Orlando, Florida. Read the bio for each panelist in the slides below. [slideshare id=173939170&doc=planadvisersept2019003-190920003654] Fulcrum Partners Lends Its Support to the 5 Star Veterans Center and Daniel Kids Two 501(c)(3)
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September 12, 2019

Fulcrum Partners Managing Director Phil Currie Speaking at PLANADVISER National Conference

Phil Currie

PONTE VEDRA BEACH, FL — (September 12, 2019) Fulcrum Partners Managing Director Phil L. Currie Jr. will be a featured speaker at the 2019 PLANADVISER  National Conference (PANC 2019). The event will be held September 16 -18, 2019 at the JW Marriott Grande Lakes in Orlando, Florida. Designed exclusively for retirement plan advisers and consultants, the conference will attract elite members of the retirement planning profession from across the US.   Scheduled to present on Tuesday, September 17, 2019 on “The Value of Supplementary Plan Options,”  Phil Currie will discuss ways  retirement advisers and consultants can help their clients attract, retain and reward the key employees and executives who drive the success of their business, while helping those employees better save for retirement. Joining Phil in discussing the topic will be Jeff Roberts, Regional Channel Manager, ADP. “Retirement advisers,” explained Phil, “are increasingly looking at adding supplementary plan options to their practice using cash balance, nonqualified deferred compensation and employee stock ownership plans (ESOPs) as ways to increase leads and drive deeper wallet share. During our presentation, we’ll be discussing how advisers can integrate supplementary savings plans to help grow their practice while at the same time delivering additional value
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August 26, 2019

Phil Currie Will Present at PLANADVISER National Conference in September

Phil Currie

Look for Fulcrum Partners’ Phil Currie as a featured speaker at next month’s PLANADVISER National Conference. Phil, who heads the Fulcrum Partners offices in Newport Beach, California and in Salt Lake City, Utah, will be part of a two-member panel discussing The Value of Supplementary Plan Options. The 2019 PLANADVISER National Conference (PANC) will take place September 16-18, at the JW Marriott Grande Lakes in Orlando, Florida. Attending will be retirement planning professionals seeking to learn and network during the three days of presentations, breakout sessions, panel discussions and events. Launched in 2006, PLANADVISER is the only magazine to address the specific needs and concerns of advisers who specialize in the sale and servicing of institutional retirement plans, including 401(k), 403(b), 457 and defined benefit (DB) plans To learn more about PANC, go to: Plan Adviser 2019 National Conference. #FulcrumPartners #PlanAdviser 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 CapAcuity, LLC; Lion Street Advisors, LLC (LSF) 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
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July 16, 2019

Fulcrum Partners Managing Director Phil Currie Presenting on Nonqualified Deferred Compensation

Phil Currie

PONTE VEDRA BEACH, FL — (July 16, 2019) Fulcrum Partners Managing Director Phil Currie will be a featured presenter at the webinar, “Case Study Overviews,” which is the second training event in an educational series designed to equip and inform financial advisors for incorporating nonqualified deferred compensation plans as part of their client services. The training program is presented by the National Association of Plan Advisors (NAPA) and is sponsored by Matrix Financial Solutions. “The online session,” said Phil “will help financial advisors expand their knowledge of nonqualified plans. As employers compete to attract and retain top talent, many organizations are interested in the benefits of nonqualified plans, however few advisors have expertise in this area. Nonqualified deferred compensation plans are our strength and focus at Fulcrum Partners.” Phil Currie heads the Fulcrum Partners offices in Newport Beach, California and in Salt Lake City, Utah. With more than 25 years of financial industry experience, Phil oversees employee and executive benefit programs for a nationwide clientele, including many Fortune 1000 companies. Fulcrum Partners has more than $7 billion in assets under management and is led by a team of fourteen managing directors who average more than 31 years in executive compensation
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March 26, 2019

Fulcrum Partners Announces the Launch of Fulcrum Partners Salt Lake City

Phil Currie

FOR IMMEDIATE RELEASE (PONTE VEDRA BEACH, FL March 26, 2019)– Fulcrum Partners executive benefits consultancy announces the opening of Fulcrum Partners Salt Lake City. Located at 8706 South 700 East, Suite 105, in the Salt Lake City suburb of Sandy, the new offices position the Fulcrum Partners team to better serve new and ongoing clients in the Intermountain West Region. Managing Director Phil Currie Jr., who founded Fulcrum Partners Los Angeles and now heads Fulcrum Partners Newport Beach, will also lead the team in Salt Lake City. “We’ve had long-term relationships with numerous valued clients and continue to add new clients in the region every year,” said Phil. “Now we are excited to officially launch permanent offices here.” New clients, including Ken Garff Automotive Group, and 15+ year clients, including Barrick Gold, are among the growth-driven Intermountain West companies already served by Fulcrum Partners. “Phil and the team at Fulcrum Partners have provided significant value,” said Mike Young, CEO of Young Electric Sign Company (YESCO). “We are extremely pleased that Fulcrum Partners is investing in our region with the opening of their new Salt Lake City office.” Fulcrum Partners Financial Consultants, Adam Monson  and Tom Cook will also be part
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