Supplemental Retirement Plan [457(f)] Remediation

May 1, 2009

Considering the looming competition for executive talent within the financial services sector, credit unions are strategically deploying non-qualified retirement plans, known specifically as 457(f) or Supplemental Executive Retirement Plans, to retain and recruit executive talent. Non-qualified retirement plans offer far greater benefits to credit unions then generally acknowledged and vary greatly in design, size and how they are used. But they are complex, and the regulations governing these plans can also change. In this podcast we interview Dave Emery, a Partner with Burns-Fazzi, Brock & Associates to address the overarching question that credit unions must continuously answer: whether or not each plan is accomplishing its goal of aligning incentives of the credit union and its key executives.

Burns-Fazzi, Brock & Associates is a leading compensation consulting firm for credit unions as well as the NAFCU Services Corporation Preferred Partner for credit union Executive Benefits and Compensation Consulting solutions.

Contact: Mr. Dave Emery, Partner, demery@bfbbenefit.com; Web: www.bfbbenefit.com, Phone: 704-332-2265.

Interviewer: David C. Frankil, President, NAFCU Services Corporation, 703 842-2226, dfrankil@nafcu.org

Show References: www.nafcu.org/bfb