ADMINISTRATION OF BOLI AND
EXECUTIVE & DIRECTOR NONQUALIFIED BENEFIT PLANS
Equias Alliance, LLC
| Administrative Services | Administrative Strengths | Market Profile | Program Contacts |
Other Endorsed Solutions from Equias Alliance:
| BOLI Portfolio Solutions |
| Executive & Director Benefits Consulting |
| Risk Assessment Review of BOLI and Executive & Director Benefit Plans |
Equias Alliance provides third-party administration services for bank-owned life insurance (BOLI) and Executive and Director nonqualified benefit plans. The Equias Alliance BOLI consultants and team members are industry professionals, whose guidance has for many years assisted banks of all sizes with designing, implementing and administering BOLI and nonqualified benefit plans.
ADMINISTRATIVE SERVICES
BOLI:
- Establish and maintain records of each insurance policy and for each insured
- Update policy records to reflect changes in insured status or coverage
- Coordinate death claim processing between banks and insurance carriers
Coordinate policy changes between banks and insurance carriers
- Monitor the status of insured lives by reviewing Social Security Administration records
- Provide cash value and other relevant BOLI financial performance reports
- Monitor carrier ratings on an ongoing basis and report rating changes to clients
Executive and Director Nonqualified Benefit Plans:
- Establish and maintain records of each individual benefit plan agreement
- Update benefit plan records to reflect changes in participant status or benefits
- Provide annual participant benefit statements
- Provide annual benefit liability and other reports to assist the bank with accounting and tax reporting
ADMINISTRATIVE STRENGTHS (also see ABA due diligence report, October 2011)
- Technical knowledge and support of Equias Alliance's staff as evidenced by the feedback CAB received from the ABA's Tax, Accounting and Financial Management area
- Exemplary and complimentary feedback from bankers
MARKET PROFILE
Financial institutions of any size seeking a superior BOLI and/or nonqualified benefit plan administration.
COMPANY CONTACTS
Equias Alliance, LLC
8000 Centerview Parkway, Suite 525
Memphis, TN 38018
Contact: David Shoemaker, CPA/PFS, CFP, President
(901) 754-4924
E-mail: dshoemaker@equiasalliance.com
Web site: www.equiasalliance.com
David Shoemaker is a registered representative of and securities are offered through ProEquities, Inc., a Registered Broker/Dealer, and member FINRA and SIPC. Equias Alliance, LLC is independent of ProEquities, Inc.
CAB CONTACT PERSON
Monica Condon Tel: (202) 663-5475
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