NONQUALIFIED PLANS

Your Benefits

A nonqualified plan is generally an agreement by an employer to compensate certain employees or directors, at some future date, for services performed currently. They also permit more design flexibility to fit each company’s needs and do not have to meet the many requirements that must be met under qualified plans, which are governed under ERISA. Nonqualified plans are generally established for the following reasons:

* To supplement retirement benefits to a select group of management or highly compensated employees
* To attract, motivate, reward, and retain key employees with benefits often being accessible before retirement

* Provide a benefit to individuals who are not employees (e.g. directors) and who do not satisfy the requirements for participating in an employers qualified plan

Your Options

There are many different types/categories of nonqualifed plans. First Bankers Trust Services can serve as trustee or custodian for, but not limited to, the following:

* Excess Benefit Plans - A funded or unfunded plan maintained by an employer for the sole purpose of providing benefits for select employees in excess of benefits that may be provided from qualified plans due to limitations on contributions imposed by Internal Revenue Code Section 415. A few types of excess benefit plans are:

• Deferred Compensation Plans (DCP)

• Stock Based Incentive Plans (SBIP)

• Recognition and Retention Plans (RRP)

• Director Deferred Fee Plans (DDFP)

* Supplemental Executive Retirement Plans (SERP) - An unfunded plan maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees, often referred to as a Top Hat Plan.

* Rabbi Trust - An Irrevocable Trust that is established for the benefit of the participant. The plan assets are beyond the control of the employer, but are subject to claims of the employer's general bankruptcy and insolvency creditors.

* Stock Appreciation Rights (SAR) - Rights of participants, who need not be employees, to be paid an amount equal to the difference between the value of a specified number of shares of employer stock on the date the SARs are granted and the value of the stock on the date the SARs are exercised.

Our Services

We can serve you in a variety of ways, depending on your plan design and the needs of your company as well as provide access to a variety of investment vehicles.