Bank Directors Seminar, Coeur d'Alene, ID

©2018Equias Alliance, an NFP Company Workforce of the Future using Deferred Compensation • Most terms/conditions for nonqualified retirement plans also apply • “Top Hat” limits on participants do NOT apply if non retirement payment • Why used? – In lieu of stock plan (similar duration) – Younger officers not looking to retirement, but shorter term • CIC, disability, normal retirement accelerates vesting to 100% Attracting and Retaining Millennials Using Deferred Compensation Example 1 • Assumptions – VP, Credit Age 38 – Monthly Contribution (target) 6.00% of salary – Current Salary $77,000 – Crediting Rate 75% of ROE – Projected Account Balance End of Year 10 $76,000 – Deferral period can be extended under certain conditions – Projected Account Balance if extended to age 65 $535,000 – Benefits are forfeited if he/she competes 17

This is a hypothetical illustration and is for informational purposes only.

©2018Equias Alliance, an NFP Company

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