One of the top challenges facing a financial institution is attracting and retaining talent in key management and executive positions. Well-designed compensation plans should balance an executive’s focus between short-term and long-term personal and career goals, and create common goals among shareholders and the executive. Compensation plans can also motivate key management personnel and executives in day-to-day performance using performance metrics directly tied to the performance of the financial institution.
Eide Bailly professionals are deeply knowledgeable about equity-based and nonqualified deferred compensation plan alternatives. We will assist you with the design and implementation of a plan specific for your financial institution's situation. We will also work with your legal advisors to ensure benefits for both the financial institution and the executive are spelled out, and that the plan terms are on the right side of tax laws and regulations.
What inspires you, inspires us. Let’s talk.