Skip Ribbon Commands
Skip to main content
International Pension Plans and Retirement Savings Trusts
 
 

 Content Editor ‭[3]‬

 
 

 Content Editor ‭[1]‬

 

Deferred Compensation Trusts

Deferred Compensation Trusts are suitable for employers seeking a Plan that offers key employees the
option to elect to defer a portion of their compensation each year (salary, or bonus, or both).

 

The Trustee receives contributions from the employer, allocates it proportionately to each member’s sub-
account and places investments in accordance with the Trust rules. Typical plans would allow  members to select investments from a prescribed range as determined by the employer.

 

 

Trustee services include:

  • Safekeeping of all assets in custody
  • Assistance with Trust structure, plan design, implementation and documentation
  • Monthly account valuations and statements to plan members
  • Monitoring investment performance
  • Annual meetings with plan sponsors and investment providers
  • Plan member communication 
  • Benefit payments


 

 

Benefits

  • The assets of a Deferred Compensation Trust are held under trust outside the legal jurisdiction and
    control of the employing company and so are secure and unaffected by the long-term financial
    circumstances of the company. Trust business in Bermuda is regulated by the Bermuda Monetary
    Authority.
  • Our experienced team of professionally qualified employee benefits specialists ensures that members’
    benefits are well secured and professionally administered.

Fees are determined in accordance with requested services and will be provided upon request.

For more information ...

Butterfield Trust (Bermuda) Limited is a wholly-owned subsidiary of The Bank of N.T. Butterfield &
Son Limited and is licensed to conduct trust business by the Bermuda Monetary Authority.

 

 JurisdictionDD

 

Visit Our Other Sites

 

 Content Editor ‭[2]‬

 
 

 Content Editor ‭[4]‬