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The Cambridge Trust is a Non-ERISA & Non-VEBA welfare benefit plan that provides Employers a Sole Employer Trust-like “environment,” but at a fraction of the cost. The Plan is totally selective and completely discriminatory; creditor-proof; and the death benefit proceeds can be received 100% income, estate and gift tax free.
The Cambridge Trust allows employers the opportunity to roll over benefits from another terminated welfare benefit plan to a sole employer trust environment without the cost of a sole employer trust. Typically a sole employer welfare benefit trust will cost $1500 to $3000 to establish and $1500 per year to administer. Additionally, to have a trustee separate from the Employer may cost an additional $2500 annually. All of these costs may be saved by participating in the Cambridge Trust, which costs $1500 to join and $1500 per year for administration.
The Cambridge Trust can accommodate an unlimited number of employers, but files only one Form 1041 and one Form 5500. This feature alone could save the typical company thousands of dollars annually in just additional accounting fees. Since the Cambridge Trust is sponsored and administered by Benefit Plan Advisors, LLC, it is a Non-ERISA Plan and is, therefore, exempt from all ERISA rules and requirements.
The Cambridge Trust is a welfare benefit plan designed to meet the limitations and guidelines establish by IRC Section 419 & 419A; therefore, tax deductions for contribution to the Plan will be limited to the “qualified direct cost”, but your client can offer a “welfare benefit” arrangement on a partially tax-advantaged basis. We have designed a proprietary rate table based on the cost of term offered by the Nation’s largest carriers.
The Cambridge Trust is a multiple employer welfare benefit plan, but not one as described under IRC Section 419A(f)(6); therefore, tax deductions for contributions to the Plan will be limited, but your client can offer any type of welfare benefit arrangement on a partially tax-advantaged basis. We have designed a proprietary rate table based on the cost of term offered by the Nation's largest carriers (you will be amazed at how high the actual cost of term insurance is). No other welfare benefit plan offers so much for your client and so much for you. |
