·         Compensation and Benefit Consulting

Clark Consulting offers custom services to help increase bank performance through strategic compensation and benefit programs that balance executive needs with bank objectives.  Consultants will analyze your current situation and recommend strategies that attract, retain and reward top talent, while motivating increased performance, strengthening corporate governance, and ultimately enhancing shareholder value. Its compensation programs address all forms of compensation, from base salary benchmarking to designing annual and long-term incentive programs. In addition, to help address the retirement shortfalls experienced by the highly compensated, Clark Consulting offers a wide array of nonqualified supplemental benefit options along with cost-effective financing strategies. Its compensation and benefit programs help create management incentives, restore deficiencies in existing retirement programs, and reward directors for the important role they play.

 ·         Bank-Owned Life Insurance (BOLI) Portfolio Solutions

BOLI has become the prevalent tool for offsetting the rising costs of employee benefits. As the banking industry's first and largest BOLI provider, Clark Consulting can offer a variety of proprietary products designed to meet bank-specific needs while negotiating competitive yields from their carrier partners. Clark Consulting's BOLI consultants will help you evaluate all available product design options to create a portfolio that best suits your bank's investment philosophy while also assisting with regulatory compliance documentation.

More.

A banking organization that wants to develop a system to effectively reward their top talent by providing a compensation and benefit mix that balances the executive's needs with the bank's overall strategic performance objectives.

A profitable bank seeking solutions to one or more of these fundamental benefit challenges: attracting and retaining management talent, creating management incentives, restoring shortfalls in existing retirement plans, upgrading director benefits and financing postretirement benefit obligations.

Community banks or large banking organizations looking to offset the current and future costs of medical, group life and other ERISA benefits, as well as those costs associated with both qualified and nonqualified retirement benefits through bank-owned life insurance (BOLI).

Implementing a program is only the beginning of Clark Consulting's long-term partnership with customers. Clark Consulting is experienced, reliable and financially secure to assist with the complex issues and unique challenges of servicing each individual benefit and BOLI plan. Its service professionals offer practical hands-on assistance in responding to auditors and examiners, as well as detailed information to help you in your regulatory compliance and documentation. Clark Consulting also provides updates and plan participant changes in a timely, thorough and accurate manner. In addition, Clark Consulting provides your bank with regular benefit statements, so you can show executives and directors that they are being rewarded for their efforts and remind them of the investment you've made in their future. 

Clark Consulting works with more than 30 different insurance providers to offer clients a selection of products that is unparalleled in the marketplace. Clark Consulting offers a variety of proprietary general account and separate account products.

By bringing together the best minds in compensation benefits and BOLI consulting—and then adding accounting, regulatory, compliance and administration support specialists to the roster—Clark Consulting has the unique combination of knowledge and experience necessary to help banks keep their best people.