Due Diligence

State Certification

Cama Self-Directed IRA, LLC dba “CamaPlan” is registered in the Commonwealth of Pennsylvania. For more information, please reference entity no. 3228785. Additionally, you may contact our office for a copy of our “Certificate of Good Standing”. CamaPlan does not sell any investment products and thus is not required to be registered with the SEC. Our clients find their own investments and are encouraged to perform the necessary due diligence.

IRS Disclosure

See the appropriate Department of the Treasury IRS Form 5305 (account disclosures), which is the IRS disclosure document, for your specific plan. The document states specifically who CamaPlan is, how CamaPlan is required to perform, the account provisions, and the relationship with the custodian.

Federal Deposit Insurance Corporation (FDIC)

Securities, stocks, mutual funds, and other non-traditional investments (real estate, notes, gold, etc.) are not secured by the Federal Deposit Insurance Corporation (FDIC). However, the FDIC does protect deposits in the event of a bank’s failure: up to $250,000 per bank, per account holder, for each different type of account (Reference FDIC letter to Cama Self Directed IRA, LLC SCC2010W-010781-0). The CamaPlan strategy uses multiple banks that are insured by the FDIC to protect the deposits in your account. The advantage of using this strategy and sub-accounting enables CamaPlan to better protect any undirected cash in your account that is above the $250,000 FDIC limit. 2000-FDIC Rules and Regulations {{2-28-03 p.2351}} PART 330—DEPOSIT INSURANCE COVERAGE and 1000 – FDIC Federal Deposit Insurance Act {{4-28-06 p.1183}} SEC. 11. These forms are available on line or by contacting our office.

Learn more about the FDIC coverage and its limits at www.fdic.gov.

Company Insurance

CamaPlan is bonded and insured including general liability, theft, and errors and omissions. Certificates of insurance are available by contacting our office.

IRA/ESA/HSA/Qualified Plans

Our documents are provided by Penserv, the oldest and most respected qualified plan provider in the country. CamaPlan has a contractual arrangement with Penserv to provide IRS certification for CamaPlan forms as well as use of their documents and qualified plan prototypes. In addition, our contract provides for ongoing support and education from their experts as laws and requirements evolve.

Custodial Relationship

CamaPlan has a contractual arrangement as a third party administrator with the custodian Meridian Bank, as defined by TITLE 26—INTERNAL REVENUE CODE §408n and §581. The custodian and CamaPlan act in a non-discretionary role that is merely custodial and/or administrative in nature. The accountholder or his/her authorized representative must direct all investment transactions and choose the investments for the account. The custodian and CamaPlan have no responsibility or involvement in selecting or evaluating any investment. They do not offer any investment, legal or tax advice or guarantee, endorse, accredit, certify or back any investment. CamaPlan works to provide superior service for Individual Retirement Accounts, Health Savings Accounts and Educational Savings Accounts.

Professional Associations/Licenses:

  • Certified IRA Services Professional (CISP) by The Institute of Certified Bankers #31901
  • Certified Trust Specialist
  • Certified Distance Education Instructor (CDEI) ID: 67663
  • Delaware Real Estate Commission Instructor #101111
  • New Jersey Real Estate Continuing Education Instructor #I1000134
  • Certified Financial Planner Board of Standards Sponsor #2803

For any additional information, please contact our office at 866-559-4430.

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