457(f) vs. Split Dollar Plans

Offering retirement benefit plans using life insurance has long been an important element of an employer’s ability to attract, retain, and reward their key management employees. While the 457(f) Retirement Plan and Collateral Assignment Split-Dollar (CASD) Plan both have the potential to provide meaningful benefits to employees, important tax, financial, and operational differences exist. The following tables will compare the plans and their impact from a participant and company perspective.

Advanced Topic: Supplemental Executive Retirement Plans (SERPs)

SERPs address a common pain point for key employees—and their employers. In an increasingly virtual world, top talent can be hard to attract and even harder to retain. Attractive benefits packages offer one way for employers to keep highly compensated employees and key executives (HCEs) around without getting into a bidding war with the competition.