Institutional > Core Services
Why Benefit Trust
Benefit Trust Organization
Benefit Trust's benefit plan services help plan sponsors meet statutory and regulatory requirements.
We are a full-service, fiduciary trust company with the size, technology, experience and capabilities providing truly customizable, reliable and scalable solutions.
Our Service Suite
Benefit Trust provides a full array of custom services to the accounts we service including:
  • Directed Trustee Services: We hold legal title to all plan assets
  • Custodian Services: We provide safekeeping and accounting of all plan assets
  • Paying Agent: We process benefit payments timely and efficiently
Comprehensive Business Management Process
Comprehensive Business Management
Mutual Fund Selection: We provide a true open architecture process allowing full and open selection of mutual funds.
Recordkeeping: Our technology interfaces allow for secure exchange of information.
Plan Sponsor: Plan Sponsors are provided continuous access to their account information.
Custodial Services: All records are protected for safekeeping and accurate reporting of plan assets.
Benefit Trust offers trust and custodial services to all types of retirement plans:
Qualified Retirement Plans
Profit-Sharing Plan - A great way to reward your employees for the company's success. The plan sponsor chooses how much to contribute, based on a discretionary funding method.
401(k), 403(b) Plans - An industry standard in retirement planning. Employees elect to contribute a portion of their salary on a pre-tax basis. The plan sponsor may choose to match employee deferrals, but are not required to do so.
Money Purchase Pension Plan - A great investment in the future of an employer's employees. The contribution is stated in the plan document, and the same percentage contribution is required each year.
Employee Stock Ownership Plan - An excellent combination of a stock purchase plan and a retirement savings program. An employer-funded retirement savings program that invests wholly (or substantially) in company stock.
Defined Benefit Plan - The opportunity to offer your employees the security of a guaranteed income at retirement. Contributions are estimated from an annual calculation, based on the overall benefits to each plan participant.
Non-Qualified Retirement Plans
Non-qualified, deferred compensation plans are uniquely designed to meet the retirement income needs of key personnel, while avoiding the usual administrative and regulatory burdens associated with qualified retirement plans.
457 is a type of a non-qualified deferred compensation plan designed to cover governmental and certain non-governmental employees.
Omnibus IRAs
Instead of watching automatic and voluntary rollovers leave your control consider establishing an Omnibus IRA. Plan termination assets are perfect for an Omnibus IRA.
Reporting/Statements
As the directed trustee or custodian, Benefit Trust will provide detailed reporting on your account. Benefit Trust delivers periodic and annual statements through our website.
A certified annual statement containing 5% reportable transaction schedules is always provided at no additional cost. Internet access to real-time positions and transactions is available 24 hours a day.