Dallas, TX (PRWEB) May 11, 2010
Clark Consulting, LLC announces that the complete fourteenth edition of Executive Benefits – A Survey of Current trends, along with four companion pieces, is now available. The results reflect data compiled from over 11% of Fortune 1000 companies. Each piece in the companion series provides an in-depth view for specific industries including financial services and insurance, energy and utility, retail and manufacturing.
Although Clark Consulting’s findings show that nonqualified plans have decreased in prevalence, organizations are facing new and ever-changing challenges that make it essential for them to attract and retain top talent who possess experience, vision and a deep understanding of their business. The evolving economic environment of the “new normal” has created a situation where companies must have the best talent on board to maintain business as well as grow it.
The goal of the survey is to identify how corporate America is providing certain nonqualified benefits to its executives. It focuses on plan prevalence, design features, financing and administration within the two main types of nonqualified plans: nonqualified deferred compensation (NQDC) plans and supplemental executive retirement plans (SERPs).
Although reported usage rates have dropped somewhat for NQDC plans since 2007, NQDC plans and SERPs remain widespread; 85% of responding companies report having NQDC plans and 67% report having SERPs. Informal funding for NQDC plans has actually increased since 2007, with 71% of respondents reporting informally funding their NQDC plans (informal SERP funding has, however, decreased). Corporate-owned or Trust-owned Life Insurance (COLI/TOLI) remains the informal funding vehicle most commonly reported by responding companies for both types of nonqualified plans.
For more information about Clark Consulting’s 14th Edition of Executive Benefits – A Survey of Current Trends, visit our website at http://www.clarkconsulting.com/execbenefitssurvey or contact us at requests (at) clarkconsulting (dot) com. Our experienced consultants can help you dissect the information and put it into the context of your business.
Clark Consulting, LLC, headquartered in Dallas, is an AEGON company. AEGON N.V. is an international life insurance, pension and investment group based in The Hague, The Netherlands, with businesses in over twenty markets in the Americas, Europe and Asia.
Clark Consulting is a leading source of strategic financing solutions such as bank-owned life insurance (BOLI) and corporate-owned life insurance (COLI) for inefficiently funded and unfunded liabilities that result from executive and employee benefit programs.
Since 1967, Clark Consulting has helped place thousands of benefit plans and serves as the record keeper for billions in assets for leading American corporations and banks.
Contact: Robert Frump, 214-661-9852.
Securities products and services are offered through Clark Securities, Inc., DBA CCFS, Inc., in
Texas: 2100 Ross Avenue, Suite 2200, Dallas, TX 75201-7906. Phone: 800.999.3125. Member FINRA and SIPC.