Clark Consulting Launches Turnkey Deferred Compensation Solution for Mid-Sized Companies

DALLAS, TX, December 1, 2009 — Clark Consulting, Inc. has responded to the needs of mid-market companies with the launch of “R3,” a packaged solution combining a voluntary non-qualified deferred compensation (NQDC) plan with informal funding via corporate-owned life insurance (COLI).

"One of the questions often posed by mid-market companies has been ‘why can’t we take advantage of these tax-efficient benefits large corporations have been enjoying for years?’," said Tony Laudato, Vice President Product Development and Innovation, Clark Consulting.

"The response, in most cases, is that up until now it often has been cost prohibitive," he said.

Costs traditionally have been too high for mid-sized companies because NQDC plans are a highly specialized discipline, often used in conjunction with COLI. The set-up and administration of such plans, typically with custom design, can be too costly for smaller corporations.

“By streamlining the process, and reducing insurance product selection, R3 allows smaller corporations to level the playing field and compete effectively and responsibly in recruiting, retaining and rewarding top performers,” Laudato said.

R3 also includes “Flex” and “Custom” offerings depending on the needs of the particular client. Its turnkey approach is also beneficial for insurance agents, financial advisors and benefits consultants, as R3 includes the key tools needed to present, sell, implement and administer NQDC plans, all backed by Clark Consulting’s experienced professionals. “Clark has a long history as a leader in the fields of COLI and non-qualified benefits. We are pleased to now have the ability to provide our consultants and distribution partners with a unique source of return generation as well as offer new and existing clients a cost-effective way to offset the ever-increasing costs of their benefit needs,” Laudato added.

Firms interested in the package should inquire about R3 by calling 1-866-446-7499 or visiting http://clarkconsulting.com/r3coli.

Clark Consulting, Inc. is an AEGON company. AEGON NV is an international life insurance, pension and investment group based in The Hague, The Netherlands, with businesses in over twenty markets in the Americas, Europe and Asia. Clark Consulting is a leader in the field of providing employee benefits to corporate and bank employees offset by bank owned life insurance and corporate owned life insurance.

Anthony Laudato is a registered representative of and securities products and services are offered through Clark Securities, Inc. dba CCFS, Inc. in Texas, 2100 Ross Avenue, Suite 2200, Dallas, TX 75201-7906. Phone: 800.999.3125. Member FINRA and SIPC.