Services
Copperstone Benefit Planning specializes in the design, administration and informal funding of nonqualified plans. We work with each institution to customize the plan to suit the needs of the individual organization. We work closely with our clients to design an appropriate plan, draw up legal documents and trust agreements, and establish plan administration and structure and place informal plan funding.
Data Gathering and Plan Analysis
Whether structuring a new plan or reviewing your existing compensation programs, Copperstone Benefit Planning will assist you with your evaluation. We will work with you to determine your unique corporate and personal objectives. We will help you assess your needs for funding as it relates to cash flow, earnings, and future performance and determine what benefits you are trying to extend to your employees.
Unique Plan Design
Copperstone Benefit plans are designed to align with your organization’s objectives, values and financial goals. We will provide you with an itemized assessment of each feature of the proposed plan and identify how you can maximize corporate and executive benefits that align your goals with industry and legislative trends.
Plan Approval
Based on our work with your team, Copperstone Benefit Planning will prepare presentation materials for your Board or Management Team. We will conduct presentations, lead discussions on the proposed plan design as well as answer questions and provide draft documents for review.
Plan Implementation
Every plan we create at Copperstone Benefit Planning is uniquely designed for our client and we provide the same reliable service for every one. Our dedicated team leads your organization through the enrollment process and ensures you understand every aspect of the compensation offerings your company implements. We will coordinate efforts with your designated attorney and accountant as needed to ensure your team is working in step for your success.
Plan Administration
Because we understand that we are helping you design a plan for the long-term success of your organization and your employees, our work does not stop at implementation. Copperstone Benefit Planning revisits client plans annually to track performance.
As part of our administration services, Copperstone Benefit Planning provides:
- Analysis of annual plan performance compared to original projections.
- Monthly, quarterly and annual cash surrender values on in-force insurance policies.
- Projected cash surrender values on in-force insurance policies along with monthly adjusting journal entry to record projected income.
- Analysis of the financial and industry performance of the specific insurance carriers associated with the plan.
- Annual accrual schedules in aggregate and by individual participant.
- Annual benefit information for participants.