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Are monies contributed invested and if so, would the Company be advised where its monies are invested?

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  4. Are monies contributed invested and if so, would the Company be advised where its monies are invested?

Are monies contributed invested and if so, would the Company be advised where its monies are invested?

The structure that would be established will be as follows:

  • Assuria establishes a deposit administration contract (legal document) with a company (the Plan Sponsor).
  • The Plan Sponsor appoints in-house trustees and a trust deed (legal document) is established.
  • The Plan Sponsor pays the contributions to Assuria on behalf of the trustees/members.
  • Assuria opens a separate bank account (Custodian of funds) with the preferred beneficiary as the trustees, creating a clear separation between the two groups’ funds/monies (Assuria & Plan Sponsor).
  • Assuria establishes an investment agreement with the company/trustees (Investment Agreement with clear and defined investment objectives).
  • Assuria invests the contributions on behalf of the Plan Sponsor/trustees (the named beneficiary of the investment) clearly defined in the investment agreement.