The attraction and retention of key talent is a critical factor in the success of any organization but a particular struggle for the community banker. Balancing the various pieces of the compensation “pie” to reward key players in the form of salary, bonus and longer term incentives can be a difficult task without a partner to lead the way. Compensation is a fundamental “investment” the bank makes in its executive team. Our goal is to assure the bank achieves maximum return on this investment.
Loyalty is an admirable trait for any employee and it should be rewarded appropriately. However, loyalty alone does not always align the bank’s compensation investment with maximizing return on that investment. Our incentive designs balance the key trait of loyalty with objective measures aligned with the bank’s and their shareholders best interests.
Allow your bank the tool of awarding “equity” based upon performance without diluting shareholder value. Our phantom plans are a form of synthetic equity without the complexity of traditional ISOs and RSOs.
Most community bankers have maximized their 401(k) deferrals. However, you and your executive team will find difficulty in achieving the retirement ratios recommended by most financial planners of 50-70% of final salary due to qualified plan limitations.
Our non-qualified planning tools allow the community banker to reward his or her executive team on a discriminatory basis. Non-qualified plans are not subject to ERISA rules and are valuable tools to attract, retain and reward the team that works hard each day to reach the bank’s goals.
Non-qualified plans can be designed in many different ways to reward the executives while aligning the bank’s goals appropriately. Our firm also works with the bank to design a plan to enable the bank to find these plans on a tax favored basis.
* Financial analysis and recommendations are not intended to replace the need for tax, legal or account advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek such advice from your professional advisors.
Directors are called upon more and more in these days of good corporate governance to provide significant guidance and resource to the bank. Director Fees are no longer the only answer to compensate these important resources to the bank. Ramsey Partners design creative options to expand the compensation resources for the community banker to offer its Director team.
Through our relationship with Source Companies, we are able to advise the community banker to build a more profitable and more valuable bank for the community and their shareholders.
Whether your bank is asset or liability sensitive we can match a BOLI product to your tastes. More importantly, we have product designs that allow the bank to make changes to their BOLI asset over time to match the ongoing changes to your bank's balance sheet. Truly innovative and flexible solutions for the community bank.
Please visit our BOLI Profit Calculator on this site and learn for yourself how our BOLI plans can add profit to your bank’s bottom line. You choose the inputs and our calculator will provide the numbers for you!
Ramsey Partners is a leading BOLI vendor in the United States representing virtually every BOLI carrier. The key difference we offer is our dedication to representing our clients while ethically fulfilling our obligations to our carrier’s as well.
BOLI is a long-term investment and we believe in basic fundamentals of transparency, fair pricing and flexibility in matching BOLI to the bank’s balance sheet over the near and long-term.
Ramsey Partners understands the complexity and depth of experience required to deliver retirement plans that help you achieve your business and personal goals. We've teamed with top-notch carriers to become a leading provider of retirement plans by focusing on the following essentials: