BOLI and Compensation Plans

With 1,200 BOLI clients, Equias Alliance, an NFP company, and NFP provide banks with customized solutions for designing and financing benefit programs to recruit, retain, and reward key officers and directors, implementation and administration of BOLI and nonqualified benefit plans. We provide our clients with timely, accurate documentation and regulatory compliance support. The organization’s 50 team members include seven CPAs, two attorneys, eight MBAs, three CLUs, one CFP®, one ChFC®, a former bank regulator and several former bankers and bank directors. Our team includes individuals with significant BOLI and benefits administration experience as well as one of the industry’s most recognized experts on accounting and tax matters. Equias has the exclusive endorsement of the American Bankers Association for the implementation and administration of both BOLI and executive and director benefit plans, and also has the endorsement of eight state banking associations for BOLI.

Program Advantages Exclusive to MBA Members

Equias Alliance provides a comprehensive range of executive benefit consulting services as well as strategic financing and investments solutions to help your bank offset benefit liabilities, here’s how:

BOLI portfolio services designed to enhance the bank's earnings.
Consultants review your banks current BOLI assets and provide summary of findings and recommendations. They also consider retirement income shortfalls resulting from qualified benefit plan limitations, while incorporating rewards based on targeted performance or other benchmarks.
They customize a balanced approach in the design, implementation and administration of non-qualified benefit and BOLI programs that best serve clients' objectives and needs.
Offering the highest caliber of products from the nation’s top insurance carriers.
Maintains physical, electronic and procedural safeguards that comply with federal regulations to guard consumer and customer nonpublic personal information.

“The Equias consultant was very knowledgeable in all matters relating to BOLI and executive benefit plans and quickly gained the trust of management and the Board. His vast experience and CPA background were invaluable in helping us. We had spent almost six years considering our options and in a few short meetings the Equias team was able to resolve the issues and take us through implementation. Since then, they have continued to be very thorough in the ongoing reporting and have been very responsive to any questions we have.”

Jim Bosley, President & CEO of Farmers
and Merchants Bank

Additional Resources

Contact

For more information, please contact Jim Olson at 804-784-7216 or David Shoemaker at 901-754-4924.