Designing a Split Dollar Plan



Designing a Split Dollar Plan

August 2018

Learn how a split dollar plan is designed and what key decisions need to be made by the credit union. You’ll gain a better understanding of how well-designed and serviced split dollar plans can be a win-win—tax-free retirement income for the executive and an asset earning income for the credit union.
Important takeaways include:

  • Due diligence
  • Regulatory compliance
  • Accounting

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Photo: Rob Fitzgerald
Expert Presenter

Rob Fitzgerald, Vice President, BFB Gallagher

Rob Fitzgerald consults with nonprofit organizations nationally to implement executive benefit plans as well as benefit liability and institutional asset management programs. Rob is responsible for ensuring the ongoing performance and regulatory compliance of all plans. He works closely with boards to determine appropriate plan levels with a focus on safety and soundness. He regularly interfaces with state and federal examiners on behalf of his clients.

Rob has more than 15 years of experience in the financial services industry. His career has been focused on nonqualified executive benefits in the banking and credit union markets. Rob is a national speaker at credit union industry events. His presentations include “Executive Benefits: Administration and Due Diligence for Your Current Plan” at the NAFCU Board of Directors and Supervisory Committee Conference, and “NAFCU-BFB Executive Compensation and Benefits Survey” as part of the NAFCU Executive Benefits Learning Series.

Rob earned his Bachelor of Science in Business from the University of Georgia. He and his family live in Atlanta, Georgia.