For more than 30 years, Nolan Financial has focused on the custom design, enrollment, funding and recordkeeping of executive benefit solutions for public corporations, private enterprises, and tax-exempt organizations. Nolan Financial works closely with organizations in diverse industries including health care, insurance, legal entities, utilities, financial services, consulting, retailing, and manufacturing.
Deferred Compensation Plans
An attractive, flexible benefit solution to supplement and complement existing qualified plans. Nonqualified plans do not have restrictions on the amount or level of benefits allowed, making these plans extremely appealing to key executives.
Supplemental Executive Retirement Plans
An agreement between an employer and a key executive, where the employer agrees to provide either a stated amount of retirement income or a set contribution amount to the executive, who may have contributed the legal maximum to their qualified plan(s).
Long-Term Bonus Plans
Similar to a SERP, LTBP allows an employer to provide a valuable benefit to larger group of employees, outside of the executive group.
Bank Owned Life Insurance
Life insurance purchased by a bank on its key employees (typically limited to the top 35% most highly compensated employees) to provide a stable, low-risk source of financing that can generate gains to offset the rapidly rising cost of providing employee benefits, such as medical, group life, supplemental life, and qualified retirement plan expenses.
Specialized nonqualified deferred compensation plans for tax-exempt organizations that can offer deferral opportunities as well as retention through company sponsored contributions.
Supplemental Executive Insurance Plans
A key component of a comprehensive, competitive benefit program often includes supplemental life and disability insurance. More and more organizations are providing these options to their executives and other key employees to complement their existing group benefit programs. Group benefit plans alone often cannot provide the level of coverage highly compensated executives really need.