Custom Benefit Packages for Universities

OM Financial Group specializes in creating unique, innovative and customized benefit packages for universities. Life insurance provides an investment vehicle to design what is known as a Collateral Assignment Split Dollar (Split Dollar) Supplemental Executive Retirement Plan (SERP). Gaining popularity in the collegiate space, SERPs are a great tool to help recruit, reward and retain key leadership throughout the school including the athletic department.

Split Dollar

Benefits to the University

Recruit, reward and retain key employees

Not subject to excise tax

Positive impact on the university’s financial metrics

Option to earn compounded interest accrued annually

Self completing at maturity

Split Dollar

Benefits to the Plan Participant

Administrative Leadership | Athletic Directors | Coaches

Plan participant owns the policy

Premiums paid by the university and repaid by the policy

Tax-preferred retirement income with control of distributions

Tax-free death benefit to beneficiaries

Investment diversification and sequence of returns risk mitigation

Split-Dollar Plans Demystified

OM provides educational webinars regularly to help the industry evaluate, implement and service these plans. During this webinar, we provide an overview of

  • Basic mechanics of Split Dollar (CASD) Plans

  • Standard design features & options

  • Balance sheet changes to University/College

  • Tax implications to Plan Participant

Let’s Get Started

To learn more, sign up for a webinar or contact us to set up an informational call.