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.