What is a Trustee?

trust·ee
trəˈstē/
noun
An individual or organization which holds or manages and invests assets for the benefit of another. The trustee is legally obligated to make all trust-related decisions with the beneficiary’s interests in mind, and may be liable for damages in the event of not doing so

What does The Fiduciary Studio do as part of Trustee Services?

General Services

• Ensure the Plan has a competent TPA, Investment Advisor and Custodian – annual review documented
• Ensure the Plan is filing government forms in a timely manner
• Ensure the Plan fees are reasonable based on services and value provided – annual review documented

Investment Committee and Review

-Ensure the Plan has an investment committee that meets annually for reviews
-Ensure the review is documented

Investment Policy Statement

-Ensure the Plan has an Investment Policy Statement that is reviewed annually

Payrolls

-Monitor Plan accounts to ensure timely deposits of Plan Participant Contributions and Employer contributions

Required Notices

-Ensure Plan Sponsor has sent required notices to Plan Participants

Plan Document Compliance

-Monitor timeliness of required Plan amendments and restatements

Form 5500 Services

-Review and sign 5500 Form and Attachments

Annual Review

-Arrange annual Plan review meeting with Plan Sponsor and fiduciaries

What is the cost?

Plan trustee services are custom priced.
Please contact us for more information.