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Information on Bank Owned Life Insurance and Executive & Director Benefit Plan "Best Practices" for that competitive edge.

Services

Practice Overview

BCG is an executive benefits consulting entity dedicated to assisting financial institutions with the design, implementation, financing and administration of nonqualified deferred compensation programs.

BCG serves the executive benefit needs of key employees, directors and other highly-paid individuals and seeks to find solutions to one or more of the following fundamental benefit challenges:

  • Correcting inefficiencies in existing nonqualified deferred compensation programs,
  • Creating management incentives,
  • Providing director benefits and
  • Helping banks recruit, retain and reward management talent.

BCG provides areas of expertise through the following nonqualified benefit practice areas:

• Executive Benefit Plans Review • ERISA Excess Plans
• Director Benefit Plans Review • 401(k) Excess Plans
• Replacement Ratio Analysis • Supplemental Executive Retirement Plans
• Benefit Plan Financing Strategies • Salary Continuation Plans
• Benefit Securitization Strategies • Life Insurance Plans
• Benefit Plan Administrative Services • Director Plans
• Acquisition Enhancement Strategy • Capital Accumulation/Deferral Plans

Specifically for Bank Owned Life Insurance ("BOLI"), Bank Consulting Group offers the following services:

• BOLI Education • BOLI Purchase/Implementation
• BOLI Pre-Purchase Analysis • BOLI Regulatory Compliance
• Review Existing BOLI • BOLI Administration