Maintaining and administering a retirement plan for your employees can be challenging.
We have the tools and expertise to help you rise to the following challenges:
- Meeting your fiduciary responsibilities
- Encouraging employees to plan and save for retirement
- Attracting and retaining employees
- Helping employees understand their retirement plan
We can assume some of the major responsibilities of your plan in our appointment as trustee. A corporate trustee minimizes the possibility that a fiduciary responsibility is overlooked, exposing the plan sponsor to penalties or jeopardizing the retirement plan’s tax-qualified status. As trustee, we also notify you of major legislation and regulatory changes and help you comply with ERISA 404(c) and other regulatory requirements.
Participants expect a broad range of investment choices to help them achieve a financially secure retirement. We offer a variety of mutual fund and investment options and provide ongoing screening and monitoring of the funds by our professional investment staff.
To have a successful retirement program, employees must be able to make informed decisions to achieve their retirement objectives. We are available to hold participant meetings, raising awareness of plan specifics and encouraging employees to participate, as well as providing periodic updates on the plan’s performance, benefits, and features. To encourage participation, we also provide payroll stuffers and enrollment materials.
Daily valuation of all investments allows for 24/7 account inquiries and timely withdrawals. Participants can access their account information online or by phone.
Not FDIC insured. May go down in value. Not Financial Institution guaranteed. Not a deposit. Not insured by any federal government agency.