Clark Consulting  ̶̶  Deferred Compensation Plans For Bank Executives And Directors

Clark Consulting leads the industry in providing tailored executive benefit programs and strategic financing and investment solutions that help banks manage risk, optimize earnings, improve shareholder value, and realize key financial goals. Our consecutive approach has benefited nearly 2,000 financial institutions and their shareholders nationwide for over 25 years. Clark Consulting's customized products and services and multiple client solutions include placement of General Account, Separate Account and Hybrid Separate Account Bank-Owned Life Insurance (BOLI), nonqualified deferred compensation plans, long-term care programs and asset administrative solutions. Clark is endorsed by numerous banking trade organizations. 

Compensation Consulting
Clark Consulting offers custom services to help you increase bank performance through strategic planning and compensation programs that balance executive needs with bank objectives. We'll analyze your current situation and recommend strategies designed to motivate increased performance and ultimately enhance shareholder value. Our programs include strategic planning, overall compensation review, annual incentive design, long-term incentive design. We'll help you integrate all areas of compensation (salary, annual incentives, long-term incentives, benefits and perks) as well as link executive pay to ambitious, yet attainable, performance goals. Our comprehensive approach brings high-level strategy and compensation theory down to a practical, executable level-thereby helping your bank secure a sustainable advantage in the marketplace.

Executive & Director Benefit Planning
Qualified plan benefits leave retirement income shortfalls for the highly paid. Banks today are addressing these shortfalls with supplemental (nonqualified) benefit planning to recruit, retain and, ultimately, reward both executives and directors. Among the programs we offer are supplemental executive retirement programs (SERPs); performance-driven benefit programs; executive deferred compensation programs (both traditional and variable); director retirement and fee deferral programs; and supplemental disability income and long-term care programs.

We help you quantify the shortfalls, evaluate economic and financial statement impact, document general regulatory compliance, recommend appropriate financing strategies, and prepare complete and accurate benefit plan documentation.

A Partner for the Long Term
In order to realize the full value of our programs they must continue to perform as expected over the long term-we ensure that by offering ongoing consultation and professional administration support. As a public company with more than 30 consulting offices serving our Banking Practice, Clark Consulting offers you staying power.

Likewise, our servicing professionals provide experienced and reliable plan administration support. We'll communicate updates and changes to your plan participants in a timely, thorough and accurate manner. This means your executives and directors will be continually reminded that their efforts are being recognized and rewarded-and that your bank understands the importance of keeping its best people.
 

Want more information?  Contact our Insurance and Member Services Division at 1-800-522-5607 or gkananis@nyba.com.
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