Designing a Win-Win Deferred Compensation Plan

Developing a deferred compensation plan has become popular for many financial institutions. In this video, William Flynt Gallagher of Meyer-Chatfield Compensation Advisors outlines the various types of deferred compensation plans and how to design an effective plan that encourages employee participation while limiting expenses.


Flynt Gallagher


Flynt Gallagher is the president of Newcleus Compensation Advisors. He leads in its mission of assisting clients in attracting, motivating and retaining personnel critical to achieving success. Mr. Gallagher brings considerable experience and expertise to his role of providing CA’s clients with comprehensive and effective support. He combines extensive knowledge of accounting and income tax matters related to community banks with years of experience within the financial services industry.

Mr. Gallagher’s career began in the field of public accounting and continued for 10 years while moving into manager and partner positions with a regional firm before accepting the tax manager positions with Florida National Bank and First Union National Bank. He worked with key clients of these banks on compensation, wealth management, income tax and related IRS issues. Mr. Gallagher established his own consulting firm and began offering these services to the banking community for the past 20 years.