Broker Check

Executive Compensation

Pendleton Financial is a regional leader in creating the right executive benefits plan for your company to attract and retain top talent.  We can show you how to create a tax-advantaged funding strategy for providing for your top employees.  Careful consideration is given to you industry and geographic area for meaningful compensation packages.  Some of our offerings are below*:

  • Supplemental Executive Retirement Plans (SERP): These plans provide benefits above those covered in many retirement plans such as IRA's, 401k or Non-Qualified Deferred Compensation (NQDC).  The idea behind these plans is to ensure key employees can maintain their quality of life in retirement.  We excel in creating these plans custom tailored to your situation to retain your top talent.
  • Company Owned Life Insurance (COLI): COLI is a generic term for life insurance taken out on employees of an organization.  There are many types of this, such as the NQDC and SERP plans mentioned above.  There are many reasons for this coverage to be taken, including funding retirement plans and providing a tool to retaining your key employees.
  • Bank Owned Life Insurance (BOLI):  BOLI is life insurance owned by banks on the lives of their employees.  The proceeds from the life insurance contracts go into a fund which then funds the employee benefits of the bank.  The key advantage to BOLI is that all premiums paid for the insurance and all capital appreciation of the insurance is tax deductible.

*We also assist organizations with Long-Term Care, Section 162 bonus strategies, Non-Qualified Deferred Compensation, Salary Continuation, Incentive Split Dollar, Estate Protection Split Dollar, Reverse Split Dollar and Executive Carve Out.