Schiff Benefits Group, LLC, Matthew E. Schiff, An Executive Benefits Consulting Company

Deferred Compensation Plans

These employer-sponsored compensation programs, funded by employees or employers, may grow tax deferred. Read more ...

Corporate Owned Life Insurance

An extremely useful asset to the company,
COLI can fund benefit plans over the life
an insured employee. Read more ...

Bank Owned Life Insurance

We have 20 years of experience in this highly
specialized field. Find out how BOLI can help
your balance sheet. Read more ...
FAQs – Frequently Asked Questions

How do these plans differ from qualified plans?

In all deferred compensation plans, the money that will be paid to an executive in the future is “at risk”. Should the employer liquidate because of bankruptcy (Chapter 11), or reorganize under bankruptcy (Chapter 7), and the employer has not segregated these funds in a Rabbi Trust, then the employee will be a general creditor of the corporation.

Why are these plans so prevalent today?

The number of employees that remain with a single company for their lifetime is almost non-existent today and the costs to train new employees, or replace profitable ones is continuing to increase. As such, many employers are trying to find a way to keep their key employees, and have the most flexibility in doing so.

Can I include anyone that I want in the plan?

No. These plans are not for the rank and file employee and the employer must identify and offer these plans only to owners, management or highly compensated employees.


Licensed in the following states:
Insurance: AL, CA (Insurance License #0D30720), CT, DE, FL, IL, IN, KS, LA, MD, ME, MI, MN, NJ, NY, PA, SC, TX, VA