Strategic Alliances

BeneFacio, Inc. has formed strategic alliances with a number of the nation's leading benefits, consulting, and law firms.  In some cases, these firms have served as trusted advisors to our clients regarding key regulatory, accounting, and legal issues that directly impact their benefit programs.  In other instances, these companies offer expertise in areas that are complimentary to the supplemental retirement programs offered by BeneFacio, Inc. Please click on the logos shown below to learn more about each of our strategic alliance firms.

 

  

   Longnecker & Associates

 

  MAF Companies

 

 

  Womble Carlyle

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

http://www.longnecker.com/

Longnecker & Associates

Both for-profit and not-for-profit organizations face constant scrutiny from regulators regarding the reasonableness of executive and director compensation.

BeneFacio, Inc. works closely with Longnecker & Associates (L&A), one of the nation's leading independent executive compensation consulting firms.   L&A can help plan sponsors ensure that their: 

  • Compensation levels are reasonable 
  • Proposed or existing executive benefit plans are both reasonable and appropriate

These studies include peer comparative reviews as well as performance metrics.  In addition, L&A will investigate under compensation for prior years of service when necessary.

L&A is a large specialty firm focused on executive compensation, corporate governance compensation, and board of director compensation for private, public, and not-for-profit organizations.  L&A's team of dedicated professionals has spent the past two decades developing a wide range of compensation solutions for clients in various capacities.

L&A's service to public companies and private companies provides the consultants with the ability to draw upon a wide range of experiences ranging from high-growth, bankruptcy, shareholder and employee litigation, IRS audits, spin-offs, mergers, and acquisitions.

The firm's thought leadership on corporate governance and compensation issues is well known. Frequently, national television, newspapers and magazines, including MSNBC, Business Week and The Wall Street Journal, call upon L&A's consultants for their expert commentary on issues that affect the executive compensation field.

Many of L&A's expert consultants have been featured speakers for conferences and meetings sponsored by WorldatWork, National Association of Stock Plan Professionals, the Society of Human Resource Management and the American Management Association.

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https://www.mafcompanies.com/

MAF Companies

BeneFacio, Inc. has formed a strategic alliance with MAF Companies.  MAF is a national distribution network of independent insurance and financial professionals who are committed to sharing in a collaborative community to create leverage and influence innovation. Their partner firms join MAF because they see the value of personalized growth while continuing to be entrepreneurs in their marketplace. MAF’s focus will always be individualized and aligned with each firm’s vision.
 
MAF Companies' team has its roots in the industry and is truly committed to the growth of member firms. Their team has collectively over 100 years of experience in the financial services arena.
 
MAF Companies services include:

  • Availability of life products
  • In-house design specialists
  • In-house underwriting facility
  • Internet access to client accounts
  • Sophisticated client management tools
  • Multi-carrier, presentation formats that are linked to carrier illustration systems
  • Underwriting advocacy
  • Single source for all back office support
  • Integrated case design and underwriting support
  • Full-service nonqualified plan access
  • Professional partnership programs with accountant and attorneys

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http://www.wcsr.com/

Womble Carlyle

BeneFacio, Inc. has worked closely with Womble Carlyle for several years.  Womble has provided opinion letters for our primary benefit plan designs, as well as prototype plan documents for these arrangements.  Womble has also served as trusted advisors to our clients regarding key legal issues surrounding their supplemental retirement plans.

The attorneys in Womble’s Employee Benefits Practice Group focus exclusively on employee benefit and executive compensation matters.  These attorneys have extensive experience with supplemental retirement and insurance arrangements. These attorneys also work closely with other professional advisors to tailor solutions that meet the specific needs of each client.

Womble's Benefits Practice Group works with approximately 300 business clients across the country, including a large number of non-profit organizations.  Outlined below are some of Group's key areas of expertise:

  • Supplemental Retirement Income Plans:  The Group assists clients with the design and implementation of nonqualified deferred compensation plans, split-dollar life insurance programs, and IRC §162 bonus arrangements.  The Group has extensive knowledge of the IRC §409A compliance requirements, as well as a wide range of other tax laws and regulations that could impact these programs.
  • Tax-Exempt Organizations:  The Group frequently assists educational, charitable and other tax-exempt organizations regarding special rules applicable to their employee benefit plans, including plans subject to IRC §457.
  • Compliance Reviews of Employee Benefit Plans:  The Group conducts compliance reviews of retirement and welfare benefit plans to help ensure that their clients' plans remain compliant with constantly-changing benefits regulations.
  • Prototype, Volume Submitter and Individually Designed Retirement Plans: The Group offers complete legal guidance for both prototype and volume submitter retirement plans, as well as individually drafted plans.
  • Representation Before Federal Agencies:  The Group assists clients in responding to inquiries from the IRS, Department of Labor, and other government agencies.  The Group also provides assistance in solving compliance and documentation problems.
  • Health Care Plans:  The Group helps clients assess and manage the impact of regulatory changes on their employee health plans. In addition, the Group helps clients negotiate and draft administrative service agreements for these programs.

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