Equity Trust Company Safety and Security

Page 1

How Your Account is Protected at Equity Trust


Equity Trust: A Highly Regulated Financial Institution Nothing is more important than the confidence you place in those who handle your retirement funds. Equity Trust operates as a highly regulated custodian that earns trust each and every day. Below are intensive measures Equity Trust takes to ensure your accounts are protected. High Standards for IRA Custodians • The Internal Revenue Code sets high standards for being a qualified Custodian of IRA accounts. • Equity Trust Company and its affiliates have operated as a qualified IRA custodian since 1983. • Equity Trust accurately and completely complies with numerous complex IRS reporting and recordkeeping requirements.. Governmental Regulators • Equity Trust Company operates as a trust company under authority granted by the state of South Dakota. • Equity Trust meets the state trust company capital requirements and complies with all the state statutes and regulations. • South Dakota law mandates regular audits of trust companies performed by state auditors. • The Financial Industry Regulatory Authority (FINRA) and The Securities and Exchange Commission (SEC) regulate Equity Trust’s brokerage affiliate, Mid-Ohio Securities. • The Department of Labor (DOL) regulates qualified plans provided by Equity Trust. Cash Protection/Deposit Insurance • Equity Trust deposits all un-invested cash in FDIC insured accounts at United Western Bank (NASDAQ: UWBK). • IRA deposits are insured by the Federal Depository Insurance Corporation (FDIC) up to $250,000. Investment Protection • All publicly traded investments (stocks, mutual funds etc.) at Equity Trust’s brokerage affiliate are protected through the Securities Investor Protection Corporation (SIPC) up to $250,000. • Please note: Non FDIC insured investments are not insured by any federal government agency; are subject to risk, including possible loss of the principal amount invested. Commercial Insurance Equity Trust carries its insurance with a leading national insurance company for the following: • Errors and Omissions • Financial Institution Fidelity Bond


Internal Controls • Equity Trust Company’s board of directors, officers and employees work within a well established system of internal controls. • The system of internal controls ensures the effectiveness and efficiency of operations and compliance with applicable laws and regulations. Internal Auditor • Equity Trust Company’s internal auditor operates with independence and reports directly to the Audit Committee of the board of directors. Independent Audit Performed Yearly by Certified Public Accountants • Annually, Radachi and Company, Certified Public Accountants, audit the company’s financial statements. • The auditors also evaluate the company’s internal control environment and assess the “tone at the top”. • Their findings are reported to the Audit Committee of the board of directors. Audit Committee • The audit committee of the board of directors oversees the activities of both the company’s internal and external auditors and receives reports directly from the auditors.

On the following pages, you will find supporting documentation, including: • Corporate Resolution • Certificate of Existence from South Dakota • Statement of Financial Condition • FDIC Insurance Information • Proof of Insurance for Banker’s Blanket Bond, Errors and Omissions and Management Liability






EQUITRU-01

KOKA

CERTIFICATE OF LIABILITY INSURANCE PRODUCER

The James B. Oswald Company 1360 East 9th Street, #600 Cleveland, OH 44114-1730

(216) 367-8787

10/1/2009

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. INSURERS AFFORDING COVERAGE

Equity Trust Company

INSURED

DATE (MM/DD/YYYY)

INSURER A: Illinois

NAIC #

National Ins Co

23817

INSURER B:

225 Burns Road Elyria, OH 44035

INSURER C: INSURER D: INSURER E:

COVERAGES THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ADD'L LTR INSRD

POLICY NUMBER

TYPE OF INSURANCE

POLICY EFFECTIVE POLICY EXPIRATION DATE (MM/DD/YYYY) DATE (MM/DD/YYYY)

GENERAL LIABILITY COMMERCIAL GENERAL LIABILITY CLAIMS MADE

OCCUR

GEN'L AGGREGATE LIMIT APPLIES PER: PROPOLICY LOC JECT AUTOMOBILE LIABILITY ANY AUTO ALL OWNED AUTOS SCHEDULED AUTOS HIRED AUTOS NON-OWNED AUTOS

GARAGE LIABILITY

$

MED EXP (Any one person)

$

PERSONAL & ADV INJURY

$

GENERAL AGGREGATE

$

PRODUCTS - COMP/OP AGG

$

COMBINED SINGLE LIMIT (Ea accident)

$

BODILY INJURY (Per person)

$

BODILY INJURY (Per accident)

$

PROPERTY DAMAGE (Per accident)

$

$

AUTO ONLY - EA ACCIDENT

ANY AUTO

OTHER THAN AUTO ONLY:

EXCESS / UMBRELLA LIABILITY OCCUR

LIMITS EACH OCCURRENCE DAMAGE TO RENTED PREMISES (Ea occurence)

CLAIMS MADE

$

EA ACC

$

AGG

$

EACH OCCURRENCE

$

AGGREGATE

$ $

DEDUCTIBLE

$

RETENTION $ WORKERS COMPENSATION AND EMPLOYERS' LIABILITY Y/N ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? (Mandatory in NH) If yes, describe under SPECIAL PROVISIONS below

$ WC STATUTORY LIMITS

OTHER

E.L. EACH ACCIDENT

$

E.L. DISEASE - EA EMPLOYEE $ E.L. DISEASE - POLICY LIMIT

$

OTHER

A Bankers Blanket Bond

19774921

6/27/2009

6/27/2010

See Below

See Below

DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES / EXCLUSIONS ADDED BY ENDORSEMENT / SPECIAL PROVISIONS

Bankers Blanket Bond, $3,000,000 limit with $50,000 deductible; includes ERISA rider coverage at $500,000 with a $0 deductible Coverage includes the following additional entities: Equity Administrative Services, Mid Ohio Securities, Equity Plan Administrative Services, Sterling Administrative Services CERTIFICATE HOLDER

CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION

For Proof Only -

DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL

30

DAYS WRITTEN

NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO DO SO SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR REPRESENTATIVES. AUTHORIZED REPRESENTATIVE

ACORD 25 (2009/01)

© 1988-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD


EQUITRU-01

KOKA

CERTIFICATE OF LIABILITY INSURANCE PRODUCER

The James B. Oswald Company 1360 East 9th Street, #600 Cleveland, OH 44114-1730

(216) 367-8787

9/30/2009

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. INSURERS AFFORDING COVERAGE

Equity Trust Company 225 Burns Road Elyria, OH 44035

INSURED

DATE (MM/DD/YYYY)

INSURER A: Illinois

NAIC #

National Ins Co

23817

INSURER B: INSURER C: INSURER D: INSURER E:

COVERAGES THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ADD'L LTR INSRD

POLICY NUMBER

TYPE OF INSURANCE

POLICY EFFECTIVE POLICY EXPIRATION DATE (MM/DD/YYYY) DATE (MM/DD/YYYY)

GENERAL LIABILITY COMMERCIAL GENERAL LIABILITY CLAIMS MADE

OCCUR

GEN'L AGGREGATE LIMIT APPLIES PER: PROPOLICY LOC JECT AUTOMOBILE LIABILITY ANY AUTO ALL OWNED AUTOS SCHEDULED AUTOS HIRED AUTOS NON-OWNED AUTOS

GARAGE LIABILITY

$

MED EXP (Any one person)

$

PERSONAL & ADV INJURY

$

GENERAL AGGREGATE

$

PRODUCTS - COMP/OP AGG

$

COMBINED SINGLE LIMIT (Ea accident)

$

BODILY INJURY (Per person)

$

BODILY INJURY (Per accident)

$

PROPERTY DAMAGE (Per accident)

$

AUTO ONLY - EA ACCIDENT

ANY AUTO

OTHER THAN AUTO ONLY:

EXCESS / UMBRELLA LIABILITY OCCUR

LIMITS EACH OCCURRENCE DAMAGE TO RENTED PREMISES (Ea occurence)

CLAIMS MADE

$

$

EA ACC

$

AGG

$

EACH OCCURRENCE

$

AGGREGATE

$ $

DEDUCTIBLE

$

RETENTION $ WORKERS COMPENSATION AND EMPLOYERS' LIABILITY Y/N ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? (Mandatory in NH) If yes, describe under SPECIAL PROVISIONS below

$ WC STATUTORY LIMITS

OTHER

E.L. EACH ACCIDENT

$

E.L. DISEASE - EA EMPLOYEE $ E.L. DISEASE - POLICY LIMIT

$

OTHER

A Professional Liability

19773544

6/27/2009

6/27/2010

See Below

DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES / EXCLUSIONS ADDED BY ENDORSEMENT / SPECIAL PROVISIONS

Errors & Omissions Liability $1,000,000 and Deductible $250,000

CERTIFICATE HOLDER

CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION

FOR PROOF ONLY -

DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL

30

DAYS WRITTEN

NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO DO SO SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR REPRESENTATIVES. AUTHORIZED REPRESENTATIVE

ACORD 25 (2009/01)

© 1988-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD


EQUITRU-01

KOKA

CERTIFICATE OF LIABILITY INSURANCE PRODUCER

The James B. Oswald Company 1360 East 9th Street, #600 Cleveland, OH 44114-1730

(216) 367-8787

10/1/2009

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. INSURERS AFFORDING COVERAGE

Equity Trust Company 225 Burns Road Elyria, OH 44035

INSURED

DATE (MM/DD/YYYY)

INSURER A: Illinois

NAIC #

National Ins Co

23817

INSURER B: INSURER C: INSURER D: INSURER E:

COVERAGES THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ADD'L LTR INSRD

POLICY NUMBER

TYPE OF INSURANCE

POLICY EFFECTIVE POLICY EXPIRATION DATE (MM/DD/YYYY) DATE (MM/DD/YYYY)

GENERAL LIABILITY COMMERCIAL GENERAL LIABILITY CLAIMS MADE

OCCUR

GEN'L AGGREGATE LIMIT APPLIES PER: PROPOLICY LOC JECT AUTOMOBILE LIABILITY ANY AUTO ALL OWNED AUTOS SCHEDULED AUTOS HIRED AUTOS NON-OWNED AUTOS

GARAGE LIABILITY

$

MED EXP (Any one person)

$

PERSONAL & ADV INJURY

$

GENERAL AGGREGATE

$

PRODUCTS - COMP/OP AGG

$

COMBINED SINGLE LIMIT (Ea accident)

$

BODILY INJURY (Per person)

$

BODILY INJURY (Per accident)

$

PROPERTY DAMAGE (Per accident)

$

AUTO ONLY - EA ACCIDENT

ANY AUTO

OTHER THAN AUTO ONLY:

EXCESS / UMBRELLA LIABILITY OCCUR

LIMITS EACH OCCURRENCE DAMAGE TO RENTED PREMISES (Ea occurence)

CLAIMS MADE

$

$

EA ACC

$

AGG

$

EACH OCCURRENCE

$

AGGREGATE

$ $

DEDUCTIBLE

$

RETENTION $ WORKERS COMPENSATION AND EMPLOYERS' LIABILITY Y/N ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? (Mandatory in NH) If yes, describe under SPECIAL PROVISIONS below

$ WC STATUTORY LIMITS

OTHER

E.L. EACH ACCIDENT

$

E.L. DISEASE - EA EMPLOYEE $ E.L. DISEASE - POLICY LIMIT

$

OTHER

A Professional Liability

19773544

6/27/2009

6/27/2010

See Below

DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES / EXCLUSIONS ADDED BY ENDORSEMENT / SPECIAL PROVISIONS

Errors & Omissions Liability $5,000,000 and Deductible $250,000

Coverage includes the following additional entities: Equity Administrative Services, Mid Ohio Securities, Equity Plan Administrative Services, Sterling Administrative Services CERTIFICATE HOLDER

CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION

FOR PROOF ONLY -

DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL

30

DAYS WRITTEN

NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO DO SO SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR REPRESENTATIVES. AUTHORIZED REPRESENTATIVE

ACORD 25 (2009/01)

© 1988-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD

10


EQUITRU-01

KOKA

CERTIFICATE OF LIABILITY INSURANCE PRODUCER

The James B. Oswald Company 1360 East 9th Street, #600 Cleveland, OH 44114-1730

(216) 367-8787

10/1/2009

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. INSURERS AFFORDING COVERAGE

Equity Trust Company 225 Burns Rd. Elyria, OH 44035

INSURED

DATE (MM/DD/YYYY)

INSURER A: Illinois

NAIC #

National Ins Co

23817

INSURER B: INSURER C: INSURER D: INSURER E:

COVERAGES THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ADD'L LTR INSRD

POLICY NUMBER

TYPE OF INSURANCE

POLICY EFFECTIVE POLICY EXPIRATION DATE (MM/DD/YYYY) DATE (MM/DD/YYYY)

GENERAL LIABILITY COMMERCIAL GENERAL LIABILITY CLAIMS MADE

OCCUR

GEN'L AGGREGATE LIMIT APPLIES PER: PROPOLICY LOC JECT AUTOMOBILE LIABILITY ANY AUTO ALL OWNED AUTOS SCHEDULED AUTOS HIRED AUTOS NON-OWNED AUTOS

GARAGE LIABILITY

$

MED EXP (Any one person)

$

PERSONAL & ADV INJURY

$

GENERAL AGGREGATE

$

PRODUCTS - COMP/OP AGG

$

COMBINED SINGLE LIMIT (Ea accident)

$

BODILY INJURY (Per person)

$

BODILY INJURY (Per accident)

$

PROPERTY DAMAGE (Per accident)

$

AUTO ONLY - EA ACCIDENT

ANY AUTO

OTHER THAN AUTO ONLY:

EXCESS / UMBRELLA LIABILITY OCCUR

LIMITS EACH OCCURRENCE DAMAGE TO RENTED PREMISES (Ea occurence)

CLAIMS MADE

$

$

EA ACC

$

AGG

$

EACH OCCURRENCE

$

AGGREGATE

$ $

DEDUCTIBLE

$

RETENTION $ WORKERS COMPENSATION AND EMPLOYERS' LIABILITY Y/N ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? (Mandatory in NH) If yes, describe under SPECIAL PROVISIONS below

$ WC STATUTORY LIMITS

OTHER

E.L. EACH ACCIDENT

$

E.L. DISEASE - EA EMPLOYEE $ E.L. DISEASE - POLICY LIMIT

$

OTHER

A Management Liability

19773544

6/27/2009

6/27/2010

See Below

DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES / EXCLUSIONS ADDED BY ENDORSEMENT / SPECIAL PROVISIONS

See attached page.

CERTIFICATE HOLDER

CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION

FOR PROOF ONLY -

DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL

30

DAYS WRITTEN

NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO DO SO SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR REPRESENTATIVES. AUTHORIZED REPRESENTATIVE

ACORD 25 (2009/01)

© 1988-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD

11


EQUITRU-01

KOKA

PAGE 1

DESCRIPTION OF OPERATIONS Equity Trust Company 225 Burns Rd. Elyria, OH 44035

FOR PROOF ONLY -

Directors & Officers Liability $3,000,000 and Deductible $250,000 Employment Practices Liability $3,000,000 and Deductible $250,000 Fiduciary Liability $2,000,000 and Deductible $100,000 Coverage includes the following additional entities: Equity Administrative Services, Mid Ohio Securities, Equity Plan Administrative Services, Sterling Administrative Services

12

OF 1


13


Equity Trust Company • 5 Burns Road, Elyria, OH 035 • www.trustetc.com ©2009 Equity Trust Company. All rights reserved.

PRO-0062 Rev 10/09


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