Glenn G. Geiger Company, Inc
Executive Benefits and Non-qualified Plans
There is a dramatic trend to restore benefits lost from traditional, IRS qualified retirement
programs by using non-qualified deferred compensation plans.  An increasing number of
executives are affected by ERISA and IRS limitations including maximum compensation
limits and 401(k) savings plan contribution and nondiscrimination restrictions.  In addition,
with the continuing rising costs of defined benefit pension plans, more and more
employers are reducing benefits, freezing future accruals or terminating these plans.

As a result of this trend, the majority of executive retirement benefits may be paid from
non-qualified benefit plans.  Already the growing use of non-qualified executive plans is
evident. According to the Bank Executive Survey, only 30% of CEO's gave a top rating in
the survey to the question "How well is your board of directors managing its executive
compensation program? While over 73% stated their biggest compensation challenge for
the future is developing a program to tie compensation to performance.

To meet this challenge the Geiger Company designs and administers various benefit
plans and informal financing strategies including:

  • Bank Owned Life Insurance (BOLI)

  • Credit-Union Owned Life Insurance (CUOLI)

  • Corporate Owned Life Insurance (COLI)

  • Supplemental Executive Retirement Plans (SERPS)

  • Executive Split Dollar Insurance Benefits

  • Deferred Compensation Plans

  • Salary Continuation Programs

  • Benefit Restoration Arrangements

  • Cost Recovery Strategies

  • Phantom Stock Plans

  • Key Person Insurance

  • Supplemental Executive Disability Plans

  • Long Term Care (LTC)
Over 60 Years
of Service
Glenn G. Geiger Company, Inc.
501 Merritt 7. 5th Floor  |  Norwalk, CT 06851  |  203.359.5313
Copyright © 2007 Glenn G. Geiger Company, Inc. All Rights Reserved
          *Bank Director Magazine