Cues Podcast

When it comes to funding an executive benefits plan, choosing the right investment for the right person and your credit union means knowing both the needs of your executive and your organization’s risk tolerance, says Ramsay Ellis, executive benefits specialist with CUESolutions Platinum provider CUNA Mutual Group, Madison, Wisconsin.Knowing your executive and your organization might be the easy part. Comparing various plans and funding sources can be tricky because various providers represent rates and returns in somewhat different ways, Ellis explains. Rates and returns are key things to try to compare benefits plans and funding investments “apple to-apples.” A second key consideration for making a good comparison of plans on an equal basis is overall expenses associated with a particular investment account.“The fee that’s being charged in a managed account is charged quarterly and is very transparent,” Ellis explained. “You see it coming out of the account and know exactly what the charge is, down to the p