Benefit Trustee Law and Legal Definition
A benefit trustee is a person appointed, or in some instances elected, to act as the trustee of an employee benefit trust.
The definition for trustee can be found at the following link: http://definitions.uslegal.com/t/trustee/
An employee benefit trust is a trust created by funds provided by an employer for the benefit of its employees. Benefits may also be provided to dependents and other relatives of employees. Benefits provided by a benefits trust can be in the form of cash distributions such as bonus payments, loans, health and/or retirement benefits, or via ownership of shares in the employer company
Legal Definition list
- Benefit to a Promisor
- Benefit Test
- Benefit Summary (Health Care)
- Benefit Period [Veterans' Relief]
- Benefit Period [Adjustment Assistance for Workers]
- Benefit Trustee
- Benefit Verification Letter
- Benefit Year
- Benefit-of-the Bargain Damages
- Benefit-of-the-Bargain Rule
- Benefits Eligibility Screening Services (BESS)