What Types of Retention Plans are Banks Using to Keep Key Talent from Being Lured Away From Your Competitors?

August 30, 2022 | 10:00 am - 11:15 am CST

Investment: 
Complimentary (bank members) | $120 per person (nonmembers)

Description:

This presentation will show what peer banks in Minnesota and the Midwest are putting in place to retain their key talent and provide viable succession plans for their banks.

Deferred compensation plans: short and long term, phantom stock, defined benefit, defined contribution, Split-dollar insurance.

Key Takeaways: 

• What other banks are using for retention/ reward plans
• Who should get a reward/retention plan
• What are the costs associated with the different types of plans
• How banks finance the plans

   

Presented in partnership with   

Presenter: 
Josh Miskovich has 16+ years of experience in the insurance and financial services industry. Since 2010, his primary business concentration has been working with community banks on the analysis and implementation of BOLI and supplemental benefit plans. Josh currently services community banking institutions in Minnesota, Missouri, Iowa, North Dakota, South Dakota, Nebraska, Wisconsin and Illinois.

Questions? Contact Patti Coles at [email protected] or (651) 789-3987