Upcoming IRS regulations may require changes to your nonqualified deferral plans and severance plans. Kirk and Jim explain more on the NAFCU Services blog.
Kirk presented with Rich Brock on executive compensation and retention.
Kirk presented with Tony Dolby and Dale Edwards at the Ohio Hospital Association's annual meeting.
Kirk presented with Rich Brock at NAFCU's CEOs and Senior Executive's Conference.
Kirk presented to credit union regulators in Colorado on split dollar and related topics.
Kirk writing at CU Times:
Is loan regime split dollar snake oil or liquid gold? How is a board to know? If it works, LRSD is a powerful tool for compensating key executives and preserving credit union assets. If it doesn’t work, the costs to the credit union and the participating executives are high.
The purported advantages over traditional nonqualified deferred compensation plans have led directors to consider LSRD. But boards can find LRSD due diligence daunting. However, like eating the proverbial elephant, the diligence due is more easily pursued in a series of small questions.
Kirk wrote an article on loan regime split dollar with Chris Fazzi.
Not long ago, shouting “split dollar life insurance” was a sure way to empty a crowded room of credit union directors and executives. However, thanks to law clarifications, product enhancement, the current low interest environment, and administration improvements, loan regime split dollar is now attracting positive board and executive attention.
Kirk wrote on regulatory updates during the last year.