Program Summary

During our March program we will explore how a deferred compensation plan (DCP) can be designed as a tool to overcome the challenges posed by the “Great Resignation”, including:
• Design features that help retain key employees from other recruiters
• Design features that help recruit key talent away from competitors
• Design features that deal with lost/unvested benefits of key employees
• Design features that allowing new recruits to income tax adjust against “separation from service” or “severance” payments
• Design features that provide value beyond dealing with the “Great Resignation”
• Design features that permit selection of specific employees for DCP inclusion
• Communicating the value of the DCP to employees and targeted recruits
• How a properly designed DCP reinforces egalitarian benefit culture

Program Presenter

Erik Speed is an Associate Principal at Mullin Barens Sanford Financial (MBS Financial). MBS Financial is an independent financial consulting firm specializing in executive benefits, insurance, and estate planning. Erik has more than 25 years of experience in the NQ space, helping to design, fund and manage innovative and accessible retirement and executive benefit programs.

Prior to joining MBS, Erik spent 20 years with Prudential and MullinTBG and has held consulting positions with Willis Towers Watson and BNY Mellon. Erik graduated from Cornell University with a B.S. in Applied Economics and Business Management and received his MBA from the University of Southern California’s Marshall School of Business.

Erik can be reached at: (818) 292-7206 [email protected]

Jake Bosacki is a Senior Consultant at Mullin Barens Sanford Financial (MBS Financial). MBS Financial is an independent financial consulting firm specializing in executive benefits, insurance, and estate planning. Jake has more than 10 years of experience working as a consulting attorney focused on the tax and legal aspects of nonqualified benefit planning.

Prior to joining MBS, Jake spent significant time in various nonqualified consulting and leadership positions within Nationwide and Northwestern Mutual. He graduated from University of Wisconsin-Milwaukee with a B.A. in Economics and received his J.D. from Marquette University School of Law.

Jake can be reached at: (920) 819-4365 [email protected]

Meeting Schedule

3:00pm - 4:00pm: Presentation and Discussion

Cost

$0 for NJCA members 
$35 for non-members

Recertification Credit

This session qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional (WLCP®), Certified Executive Compensation Professional (CECP™) and  Certified Sales Compensation Professional (CSCP™) designations granted by WorldatWork Society of Certified Professionals.  For more information on recertification, visit the WorldatWork Society recertification webpage at www.worldatworksociety.org/recertification. 

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