Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Retirement Investing

Survey%3A COLI Use Rises

X
Your article was successfully shared with the contacts you provided.

More companies are funding their executive retirement plans with corporate-owned life insurance policies.[@@]

When researchers in the Los Angeles office of Clark Inc. surveyed Fortune 1000 earlier this year, they found that 70% of the respondents are funding nonqualified deferred compensation plans using COLI, up from 63% in 2004.

The percentage of survey participants using COLI to fund supplemental executive retirement plans has increased to 74%, from 64%, Clark researchers report.

Penetration of SERPs ranged from just 83% at health care companies surveyed to 100% at the utility companies.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.