Sun Life Financial Inc. announced a partnership Tuesday with Pangburn Co. Inc., a third-party administrator of non qualified executive benefit plans that is to oversee the insurer's nonqualified deferred compensation plan program.
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The program is intended for the small-business, nonqualified executive benefits market. Sun Life is to help clients analyze and design nonqualified deferred compensation plans, and Pangburn is to administer them.
Pangburn, which is based in New Roads, La., serves clients ranging from small family businesses to Fortune 500 companies. It has alliances with life insurance carriers, mutual fund wholesalers, accounting firms, banks, producer groups, brokerage houses, and executive benefit specialists.
