Equias Alliance, an NFP Company, through its team of 20 consultants, and 32 support personnel has assisted over 800 community banks in the design and implementation of bank-owned life insurance (“BOLI”) as well as nonqualified benefit and compensation plans for selected executives. These plans help institutions increase earnings and shareholder value as well as recruit, retain and reward key officers and directors.
In addition, the company’s in-house service professionals offer practical, hands-on assistance to banks and their professional advisors, auditors and examiners. Equias provides its client with timely, accurate documentation and regulatory compliance support. The organization’s 52 team members include eight CPAs, two attorneys, nine MBAs, three CLUs, one CFP®, one ChFC®, a former bank regulator, several former bankers and bank directors, and other degrees and licenses. The Equias team includes individuals with significant BOLI and benefits administration experience as well as one of the industry’s most recognized experts on accounting and tax matters. The group has over 800 years of combined BOLI/benefits experience. Equias has successfully completed a SSAE 16 SOC I Type II audit.
If a bank should decide to implement any of these plans, Equias has the experienced and professional staff (including attorneys and CPAs) needed to properly administer and oversee these plans. As evidence of its leadership position in the market, American Bankers Association has awarded Equias Alliance its exclusive endorsement of BOLI and executive benefit services.