Employee Benefit Plan

A retirement plan is a vital part of a company’s employee benefits offering which helps drive employee retention and satisfaction.  Aside from this, setting up a retirement/employee benefit fund— a mandate for all private corporations, except retail, service, and agricultural establishments with less than ten employees (RA 7641)— helps companies avoid unnecessary cash flow disruptions brought about by the payment of retirement benefits and enjoy possible direct cash benefits by way of tax savings. 

With Chinabank Trust and Asset Management Group as your company’s retirement fund trustee/fund manager, you have a reliable partner to:

  • Assist in the development of the retirement plan rules and regulations, coordinate with the actuary
  • Register the retirement plan with the  BIR for tax qualification
  • Develop and implement appropriate investment strategies to maximize portfolio yield, taking into consideration your company’s objectives, risk tolerance, tax status, and liquidity needs, among others
  • Administer the plan in accordance with its specific provisions, terms and conditions,  with a dedicated a Portfolio Officer who will personally attend to your queries and service any requirements pertaining to your trust account

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