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

Equias AllianceEquias Alliance, an NFP Company, provides third-party administration services for bank-owned life insurance (BOLI) and Executive and Director Nonqualified Benefit Plans.  The Equias Alliance/NFP 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.


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





  • Establish and maintain records of each insurance policy and for each insured using the CPADS system
  • 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

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Equias Alliance/NFP help banks achieve their key financial goals, manage benefit liabilities and enhance shareholder value through market-leading knowledge, tailored executive benefit plan design, BOLI expertise and administration solutions.

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






​ABA Contact

Equias Alliance/NFP Contact



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Questions? Please contact Jackie Lucas for more information.