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  1. The Charter enables Ben to serve as a regulated fiduciary in providing liquidity, custodial and administrative management services to alternative asset investors and managers under Kansas’ 2021 Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.

  2. When alternative assets are placed into new Kansas trusts, the regulated fiduciary serving as trustee under the TEFFI Act facilitates a contribution to rural Kansas communities, colleges, and universities with a value equal to 2.5% of the total amount of the financing provided.

  3. The conditional charter, which was issued July 1, 2021, marks the beginning of Ben’s role as pilot under a new set of industry regulations enacted within the State of Kansas through the Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.

  4. 10 Μαΐ 2021 · The new law directs the Kansas State Banking Commissioner to issue a conditional trust banking charter to Ben on July 1, 2021 to establish a fiduciary financial institution pilot program.

  5. Benefit Trust Company is dedicated to providing comprehensive solutions to banks, trust companies, private businesses, and public entities. We help each of our clients to develop and manage the right program for their own customers, whether it's a benefit plan, trust program, or GASB initiative.

  6. Benefit Trust Company is a Kansas based trust company, operating with a single-minded focus on serving the needs of sponsors, participants and beneficiaries of qualified and non-qualified benefit plans.

  7. Benefit Trust Company is a Kansas based trust company, operating with a single-minded focus on serving the needs of sponsors, participants and beneficiaries of qualified and non-qualified...

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