Equias Alliance, an NFP Company: Administration of BOLI and Executive & Director Nonqualified Benefit Plans


Equias AllianceEquias Alliance provides third-party administration services for bank-owned life insurance (BOLI) and Executive and Director nonqualified benefit plans.  The Equias Alliance BOLI consultants and team members are industry professionals, whose guidance has for many years assisted banks of all sizes with designing, implementing and administering BOLI and nonqualified benefit plans.

MARKET PROFILE

Financial institutions of any size seeking a superior BOLI and/or nonqualified benefit plan administration.



 

 Solution

 

ADMINISTRATIVE SERVICES

BOLI:
  • Establish and maintain records of each insurance policy and for each insured
  • Update policy records to reflect changes in insured status or coverage
  • Coordinate death claim processing between banks and insurance carriers
    Coordinate policy changes between banks and insurance carriers
  • Monitor the status of insured lives by reviewing Social Security Administration records
  • Provide cash value and other relevant BOLI financial performance reports
  • Monitor carrier ratings on an ongoing basis and report rating changes to clients

Executive and Director Nonqualified Benefit Plans:
  • Establish and maintain records of each individual benefit plan agreement
  • Update benefit plan records to reflect changes in participant status or benefits
  • Provide annual participant benefit statements
  • Provide annual benefit liability and other reports to assist the bank with accounting and tax reporting

Learn more at: www.equiasalliance.com




 
 

 Provider

 

Equias Alliance helps banks achieve their key financial goals, manage benefit liabilities and enhance shareholder value through market-leading knowledge, tailored executive benefit plan design, Bank Owned Life Insurance (BOLI) expertise and BOLI administration solutions.

See more about Equias Alliance




 
 

 Benefits

 

ADMINISTRATIVE STRENGTHS


  • Technical knowledge and support of Equias Alliance's staff as evidenced by the feedback received from the ABA's Tax, Accounting and Financial Management areas.
  • Exemplary and complimentary feedback from bankers.




 
 

 Resources

 
 

 Contacts

 

​ABA Contact

Equias Alliance Contact

 



 
 

 Due Diligence Report

 

Due diligence reports  are currently available on select solutions and for bank members only.
Get Report.
 

 Learn About Endorsed Solutions

 

In a rapidly changing landscape, banks turn to the proven expertise of ABA Endorsed Solutions for the most advanced technologies and products to grow their business, cut costs, and transform the customer experience.

Questions? Please contact Jackie Lucas for more information.