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THE PLATINUM SECURITY PLAN © A BLEND OF LOAN REGIME SPLIT DOLLAR AND 457(F)

NON-PROFITS

Non profit organizations use 457(f) plans and loan regime split dollar plans to retain and attract top talent. Recently, the loan regime split dollar plans has become the popular choice.


The loan regime split dollar plans, however, do have challenges:


Longevity risk of the plan. A typical design has the loan repaid from the death proceeds, which can be decades after a participant leaves the organization.


Denial of plan distributions. If a distribution from the policy jeopardizes it’s ability to repay the organization, the organization can deny a distribution. The policy has a collateral assignment, using the policy as collateral for the loan.


Complicated if participant leaves the organization partially vested. What does partial vesting really mean? Partially vested in what?


Loan repayment. The loan can be paid off at any time, which means, another organization can pay off the loan, and the policy can be collaterally assigned to the new organization to secure the loan. If this is the case, how is loan regime split dollar a retention plan?

Licensee offices

Boston/New England

Washington DC, Annapolis, Baltimore

Washington DC, Annapolis, Baltimore

Joe Malouf, Co-Founder

77 Access Road, Suite 4, 

Norwood, MA 02062

781-278-8851



Washington DC, Annapolis, Baltimore

Washington DC, Annapolis, Baltimore

Washington DC, Annapolis, Baltimore

 Mike Downey, Co-Founder

7675 Lake Shore Drive

Owings, MD 20736

443-771-5190 

Philadelphia

Washington DC, Annapolis, Baltimore

Philadelphia

 Jim Calla

37 West Avenue, Suite 301

Wayne, PA 19087

267-212-4384

Atlanta

Washington DC, Annapolis, Baltimore

Philadelphia

Tommy Bridges

Managing Director

2827 Averett Dr

Columbus, GA 31906

Cell: 478-747-2037

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The Platinum Security Plan

77 Access Road, Ste 4, Norwood, MA, USA

443-771-5190 ▪ 781-278-8851

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