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