Retirement Plan Services
Offering a high-quality retirement plan is critical for attracting and retaining top employees in today’s competitive environment. Bankers Trust can partner with you to ensure your organization’s retirement plans are tailored to your needs.
We offer customized retirement plans with sophisticated options. Our team has the expertise and experience needed to deliver the service and support options to plan sponsors – from plan design and investment review to implementation and education. Because of this, you can be certain your retirement plan remains compliant, appreciated and effective.
Qualified Retirement Plans
As a full-service provider of qualified retirement plans, Bankers Trust makes it our mission to provide high-quality plans and a broad menu of services that support our plan sponsors, including: trustee services, relationship management, comprehensive plan design, investment selection and monitoring, employee enrollment meetings, ongoing participant education, plan sponsor and participant web access, contribution and distribution processing, annual compliance testing, and government testing.
Bankers Trust can also act as a directed, non-discretionary trustee for your retirement plan.
Every organization is unique, and our retirement plan relationship managers will consult with you to help you design a plan tailored to your needs. They will also discuss appropriate investment options, educate your participants, and oversee a team of professionals who conduct ongoing administration and recordkeeping of your plan. Our flexibility and scale allow us to accommodate a broad range of retirement plan needs, including:
Defined Contribution
- 401(k)
- Profit Sharing
- Money Purchase
Defined Benefit
- Traditional Pension
- Cash Balance
Non-Qualified Retirement Plans
The stringent regulations governing 401(k)s and other qualified plans may make it difficult to provide upper management, executives and highly compensated employees with opportunities for tax-deferred savings. A non-qualified plan offers another way to maximize retirement savings, while avoiding becoming “top-heavy” and the restriction of employee deferral and plan contribution limits.
A non-qualified retirement plan gives you more flexibility, allowing you to provide a number of additional benefits to your key employees without jeopardizing the qualified status of your company’s 401(k) plan. Some non-qualified plans allow select employees to defer more of their income than they would be allowed to contribute to a 401(k), while others allow you to provide them with tax-deferred bonus contributions.
Non-qualified plans can be structured and funded in numerous ways. We partner with firms providing non-qualified plan consulting and administration by offering a Rabbi Trust to protect the benefit obligations of an employer to their employees.
Connect With Us
If you want to learn more about how Bankers Trust can help your business with a qualified or non-qualified retirement plan, contact us today.
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