BOLI & Compensation Plans

With 1,250 BOLI clients as of December 31, 2023, NFP, an Aon Company provides banks with customized solutions for designing and financing benefit programs to recruit, retain, and reward key officers and directors. Our services include the implementation and administration of both BOLI and nonqualified benefit plans. NFP is well positioned to provide its clients with timely, accurate documentation and regulatory compliance support. The organization includes CPAs, attorneys, MBAs, CLUs, CFP®, and ChFC® professionals, a former bank regulator and several former bankers and bank directors, and other experts with advanced degrees and licenses. Our staff also 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.  In addition, NFP has had a longstanding relationship with the ABA and has recently become a Premier Partner. As further evidence of its leadership role in the industry, nine additional state banking associations also exclusively endorse NFP for BOLI. 

​Program Advantages Exclusive to MBA Members

NFP 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 NFP 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 NFP 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

Contact

Call David Shoemaker*, CPA/PFS, CFP® at 404-229-2941 [Do not Text], or Brian Rodgers at 267-482-6406 [Do not Text] for more information or visit https://executivebenefits.nfp.com.

*A Registered Representative of Kestra Investment Services, Inc.