THE PLATINUM SECURITY PLAN

Lock in Talent with a More Efficient Use of Capital

The Platinum Security Plan is a highly flexible plan that can be written for executives of all ages – whether an executive is young or middle-aged or a couple of years from retirement.

A Smarter SERP Solution

The PSP Offers Banks a
Smarter SERP Solution

  • Created from a collective 100+ years of consulting with over 200 financial institutions such as banks and credit unions.
  • Not subject to 409A, does not create an unfunded liability to the sponsoring institution.
  • Compliant under regulations established by IRS and Treasury in 2003.
  • Program establishes a bank asset compliant with BOLI regulations.
  • Can be designed to provide non-taxable or taxable income in retirement depending on age and years to retirement.
  • Executive’s benefits are protected by statute.
  • Cost recovery to the financial institution is provided at the executive’s retirement.

Strategic Partner
for Client Servicing

Efficient use of the Bank’s Capital

Provides A uniquely valuable retirement benefit

HIGHLY FLEXIBILITY PLANS

Our Team

D. FARIS (JOE) MALOUF, REBC, RHU, CFBS
Principal
Platinum Security Plan
D: 617.947.4424
E: dfmalouf@dfmfingroup.com

MARK L. BARRY
SVP, COO & Treasurer
Connecticut Bankers Association
D: 860.501.8826
E: mbarry@ctbank.com

NATE SIEGEL
Strategic Partner
Managing Principal
Director of Executive Benefits
D: 571.251.7344
E: nsiegel@vanbridge.com

GARRETT PASTERNAK, CLU AVP
Executive Benefits
D: 414.240.9979
E: garrett.pasternak@vanbridge.com