Our Story

Keystone Benefit Group

 Founded in 1991, Keystone Benefit Group is one of the preeminent executive benefit consulting firms in the country, with a strategic focus on serving tax exempt entities and healthcare organizations. The principals bring 25-plus years experience in the industry and their varied backgrounds with some of the nation’s largest financial, accounting, actuarial, and employee benefit consulting firms. We consider ourselves a full service, turn-key benefits provider, with expertise in consulting, design, implementation and administration of executive benefit plans. The creativity and plan design customization that Keystone Benefit Group and its consultants are able to apply to your non-qualified retirement benefit situation are unequaled in the marketplace. 


Since 1991, our principals have provided cutting-edge supplemental benefit solutions to tax-exempt organizations and their most valuable employees. Our services provide a solid foundation for your organization to receive an unequaled customized plan design process.

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Our Team

David Falkenstein, CEP | Principal

David is a founding principal of Keystone Benefit Group.  His experience spans over 25 years as an actuary and consultant to companies, executives and healthcare providers in the filed of executive compensation and benefits. Over the last twenty years, David has has created and designed dozens of unique non-qualified plan arrangements that have been endorsed by a variety of national tax firms and implemented by hundreds of exempt organizations.


David attended the University of Georgia and earned degrees in Risk Management and Political Science.

Jeff Milstead, J.D., LL.M. | Principal

 Jeff is a founding principal of Keystone Benefit Group.  Jeff is a tax attorney with an extensive background in ERISA and tax issues related to non-qualified retirement benefit planning. 

Jeff's tax and ERISA background coupled with his nationally recognized expertise in insurance-based non-qualified benefit plans provides clients and their tax advisors a necessary level of support during the plan implementation process.


Jeff earned his undergraduate degree from Washington and Lee University and then obtained his Juris Doctor degree for Cumberland University.  He later attended the University of Denver and received his LL.M. in taxation.

Michael Falkenstein | Director

Michael is a director at Keystone Benefit Group with a focus on plan design and performance analysis.  Prior to joining Keystone Benefit Group, Michael was an Senior Analyst at Hammond Hanlon Camp in the investment banking division with a focus on sell-side M&A and capital raising transactions for non-profit hospitals and healthcare systems. 

  

Michael graduated Magna Cum Laude and received a B.B.A. in Finance from The Terry College of Business at the University of Georgia.