NonQualified Benefit Plan Examples

Director Benefit Plans Review

Director benefits provide financial institutions with a way to show their outside directors appreciation for the services they provide, while providing an opportunity for them to accumulate wealth for retirement, future generations and/or charitable endeavors. Regular review of these plans should be conducted to make sure that, 1) the benefits are appropriate for the level of services and value the directors are providing and 2) the benefits do not compromise the directors' objectivity as they make decisions for the bank. Finally, benefit plans should continuously be reviewed to make sure they are structured in the most cost-effective manner.

Contact a BCG consultant to receive a free review of your financial institution's director benefits. And, if you do not currently have nonqualified benefits for your outside directors, allow our consultant to offer suggestions, which could help recruit and retain necessary talent while potentially enhancing the bottom line for the financial institution's shareholders.