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 “Rabbi Trust Put to the Test: Ruby Tuesday”
January 04, 2021

Rabbi Trust Put to the Test: Ruby Tuesday

SERP

If you are trusting a Rabbi Trust to protect your retirement savings, then you might have been a little taken aback last month if you read the headline, “Ruby Tuesday Tells Court (And Retirees): ‘Pension Funds Are Ours.” In his article published in entirety below, Attorney Mike Melbinger does (as always) a thorough job breaking down the sequence of events impacting the Ruby Tuesday nonqualified plan participants.
Read More
Featured image for “Section 409A Meets 162(m) and Some NQDC Plans May Need to be Amended by December 31”
December 11, 2020

Section 409A Meets 162(m) and Some NQDC Plans May Need to be Amended by December 31

SERP

Thank you, Mike Melbinger, for the following in-depth update on a problem no one apparently saw coming. We’ve enclosed below the full text of Mike’s article published on December 2, 2020: “Section 409A Meets 162(m) and Some Deferred Compensation Plans and Agreements May Need to be Amended by December 31,” followed by his additional postscript article published shortly thereafter.
Read More
Featured image for “Phil Currie Looks at Executive Retirement Plans in October PSX Magazine”
October 31, 2014

Phil Currie Looks at Executive Retirement Plans in October PSX Magazine

SERP

Do you feel like you are “stuck with your SERP?” In this month’s issue of PSX: People Strategy Exchange, you’ll find cutting edge views and perspectives on all things relating to people strategy; a fresh take on human resources issues and executive benefits plan solutions. Access the magazine here. And read “A New Look at Executive Retirement Plans,” from Phil Currie (Fulcrum Partners) to learn more about solutions for getting “unstuck” and taking advantage of retirement and benefit strategies you may be unaware are available to you. A New Look at Executive Retirement Plans – Exchange for People Strategy Oct 2014 from Fulcrum Partners LLC
Read More
August 13, 2014

Changing Executive Compensation Plans & Performance-Based SERPs

SERP

Online Human Resources publication “The Exchange for People Strategy”  recently published an article by Steve Broadbent and Tom Chisholm regarding the impact of changing regulations on executive compensation strategies, and how performance-based SERPs provide solid answers to maintaining a balanced and incentivizing compensation plan. The Exchange is a monthly publication you can receive directly to your inbox. We invite you to become a subscriber (no subscription fee) to The Exchange for People Strategy by emailing steve.broadbent@fulcrumpartnersllc.com. In your email, asked to be added to our Exchange subscribers list.  Performance-Based SERPs: Changing the Landscape | The Exchange for People Strategy, July 2014 Issue by Fulcrum Partners LLC
Read More
Featured image for “New Article by Stephen Kaufman: Key Watchwords in Long Term Incentive Compensation”
February 28, 2014

New Article by Stephen Kaufman: Key Watchwords in Long Term Incentive Compensation

SERP

A new article by Stephen Kaufman of Fulcrum Partners appears in the February issue of  PSX: The People Strategy Exchange EMagazine. Kaufman’s article, “Key Watchwords in Long Term Incentive Compensation: Efficiency, Diversification and Performance,” is available in the online issue of the magazine as well as on the Fulcrum Partners website Resources page. Download the full magazine here: PSX: The People Strategy Exchange Download the article by Stephen Kaufman here: Key Watchwords in Long Term Incentive Compensation: Efficiency, Diversification and Performance Fulcrum Partners is a sponsor of PSX: The People Strategy Exchange which first launched online publication in January of this year. You can receive the magazine by direct email by contacting steve.broadbent@fulcrumpartnersllc.com. Summary: As the U.S. economic recovery gathers steam, executive retention will again be a key issue for Compensation Committees, even in the midst of increasing scrutiny over executive pay. In this environment, a powerful opportunity exists for companies to rethink their philosophies regarding significant portions of their total rewards packages. In so doing, they should have in mind three key watchwords in Long-Term Incentive (LTI) compensation:  Efficiency, Diversification and Performance.
Read More
February 20, 2013

Fulcrum Partners LLC Releases Report on Executive Benefits in a Downturn Economy

SERP

PONTE VEDRA BEACH, FL– One of the nation’s largest executive benefits consultancies, Fulcrum Partners LLC, announces the release of the white paper: “Using SERPs to Create a Balanced Executive Compensation Program.” The authors of the report, Peter Lupo and Bruce Brownell, look at how a struggling economy can highlight the extent to which design flaws within some equity programs may have encouraged executives to take excessive risks that are contrary to the long-term financial interests of companies and their shareholders. Fulcrum Partners has made the report available as a download at www.fulcrumpartnersllc.com. Bruce Brownell, one of the company’s founders and a specialist in IRC 409A, explains, “Well-balanced risk and rewards are one of the foundations of an effective compensation program. Over the past two decades, stock-based incentives have been the primary means used by companies to motivate and retain valued executives. But the current economic downturn has exposed potential weaknesses in this approach. It is becoming increasingly clear that stock price alone does not always correlate with either executive performance or sustainable long-term shareholder value.” According to the report, in many situations the introduction of a supplemental executive retirement program, (SERP) helps promote a more diversified ‘portfolio’ approach to executive
Read More
Featured image for “Fulcrum Partners Releases White Paper: Using SERPs to Create a Balanced Executive Compensation Program”
February 19, 2013

Fulcrum Partners Releases White Paper: Using SERPs to Create a Balanced Executive Compensation Program

SERP

Fulcrum Partners LLC has released a new white paper report, titled, “Using SERPs to Create a Balanced Executive Compensation Program.” In many situations, the introduction of a supplemental executive retirement program, (SERP) helps promote a more diversified ‘portfolio’ approach to executive rewards. We invite you to read the full report to learn more. The report, authored by Peter Lupo and Bruce Brownell can be read below or on the following platforms: SlideShare at Fulcrum Partners LLC White Paper on SlideShare. Scribd at Fulcrum Partners LLC White Paper on Scribd. More about the Authors of Using SERPs to Create a Balanced Executive Compensation Program Peter Lupo, Managing Director and Head of the New York office, joined Pearl Meyer & Partners in 2006 with more than 20 years experience with executive compensation and benefits programs in a wide range of industries. He has worked extensively with Compensation Committees and management covering a variety of needs, including developing compensation philosophies for national and global companies; drafting CD&As; developing incentive designs; and advising on change-in-control, executive benefits and perquisites issues. Before joining PM&P, Peter Lupo held the national compensation practice leader role with Aon Consulting’s National Compensation Practice. He also has served as a Principal and Senior Executive Compensation Consultant with
Read More