About
The Sheeter Group is an experienced benefits consultancy with a depth and breadth of knowledge of executive benefits, and deep roots in the Credit Union industry.Among the professionals who make up The Sheeter Group are individuals who have been in the industry since the 1980's.
The Sheeter Philosophy is that education is key, and that a clear understanding of plan options makes for a comfortable decision process. A sound and custom benefit plan that makes sense for both the Executive and Credit Union is the goal.
Superior ongoing regulatory compliance and plan service is the cornerstone of our business model for clients, 100% of whom we retain. The Sheeter Group has never lost a client. We don't know any other provider who can say that.
Finally, The Sheeter Group works directly and exclusively with Credit Unions because the Credit Union philosophy of people helping people most closely reflects The Sheeter Group’s own values. We are a service organization, working only with Credit Unions.
The Sheeter Group includes offices in Florida, California, Indiana, Georgia, and Minnesota.
The Sheeter Group is an experienced benefits consultancy with a depth and breadth of knowledge of executive benefits, and deep roots in the Credit Union industry.Among the professionals who make up The Sheeter Group are individuals who have been in the industry since the 1980's.
The Sheeter Philosophy is that education is key, and that a clear understanding of plan options makes for a comfortable decision process. A sound and custom benefit plan that makes sense for both the Executive and Credit Union is the goal.
Superior ongoing regulatory compliance and plan service is the cornerstone of our business model for clients, 100% of whom we retain. The Sheeter Group has never lost a client. We don't know any other provider who can say that.
Finally, The Sheeter Group works directly and exclusively with Credit Unions because the Credit Union philosophy of people helping people most closely reflects The Sheeter Group’s own values. We are a service organization, working only with Credit Unions.
The Sheeter Group includes offices in Florida, California, Indiana, Georgia, and Minnesota.
Services
SERP
A SERP is a retirement plan that usually targets a percentage of final salary for a Credit Union Executive. A 401(k) has strict contribution limits; a SERP is flexible. A supplemental plan makes sense for retaining or rewarding valuable senior staff. SERPs grow in popularity year after year as marketplace competition heats up -- along with the demand for top talent.
Analyze Your Existing SERP
How is your current SERP performing? How good a job is your current provider doing keeping you informed on performance and alternative options? Certain plan providers offer plans with mediocre underlying investments that auto-renew periodically. These investments are often fee-heavy and perform poorly.
Employee Expense Offset
The Credit Union generates income from a safe, high-earning investment, and uses that income to offset employee benefit expenses. This type of investment is permissible for Credit Unions under 12 CFR part 701.19 if they use the income to pay for, or offset, employee expenses, or reimburse a sponsor group for expenses.
401k Analysis
When Credit Unions consider the qualified plans they offer their employees, the conversation usually comes around to the same topics:cost and investment options. While the 401(k) is not as expensive as common plans of the past, it is still a high-cost benefit. Apart from cost, investment options are another concern. Value is important. Credit Unions want solid options, great value, and low cost.
SERP
A SERP is a retirement plan that usually targets a percentage of final salary for a Credit Union Executive. A 401(k) has strict contribution limits; a SERP is flexible. A supplemental plan makes sense for retaining or rewarding valuable senior staff. SERPs grow in popularity year after year as marketplace competition heats up -- along with the demand for top talent.
Analyze Your Existing SERP
How is your current SERP performing? How good a job is your current provider doing keeping you informed on performance and alternative options? Certain plan providers offer plans with mediocre underlying investments that auto-renew periodically. These investments are often fee-heavy and perform poorly.
Employee Expense Offset
The Credit Union generates income from a safe, high-earning investment, and uses that income to offset employee benefit expenses. This type of investment is permissible for Credit Unions under 12 CFR part 701.19 if they use the income to pay for, or offset, employee expenses, or reimburse a sponsor group for expenses.
401k Analysis
When Credit Unions consider the qualified plans they offer their employees, the conversation usually comes around to the same topics:cost and investment options. While the 401(k) is not as expensive as common plans of the past, it is still a high-cost benefit. Apart from cost, investment options are another concern. Value is important. Credit Unions want solid options, great value, and low cost.
