Mid Atlantic provides trust and custody solutions for retirement plans and other accounts through Mid Atlantic Trust Company, our state-chartered non-depository trust company. Through its retirement plan channel, the Mid Atlantic organization provides services to more than 75 TPA and record keeping firms. Customers rely on us for trust, custody, paying agent and/or clearing and settlement services for over 55,000 retirement plans and trust accounts.
At Schwab Retirement Technologies® (RT), we have a history of introducing one innovation after another—from recordkeeping systems designed exclusively for daily valuation, to the uniquely modularized architecture we offer today. Whether you need applications for your own infrastructure, or require both hardware and software support through our Application Service Provider (ASP) offering, our specialists work closely with you to understand your needs and can implement effective solutions.
Charles Schwab Corporate Services aims to provide Plan Administrators with a superior selection of products and services—from individual investing support to retirement plan recordkeeping and related services. We strive to set ourselves apart from our competitors— so that you can exceed the expectations of your Plan Sponsors and truly differentiate your services.
Charles Schwab Corporate Services aims to provide Plan Administrators with a superior selection of products and services—from individual investing support to retirement plan recordkeeping and related services. We strive to set ourselves apart from our competitors— so that you can exceed the expectations of your Plan Sponsors and truly differentiate your services.
FutureBenefits of America (FBA) serves as the plan’s record-keeper and Third Party Administrator (TPA). FBA’s role as TPA includes administering compliance testing and the preparation of IRS Form 5500 for the adopter. The most important role of the TPA is to help create and maintain the plan document. The document details how the plan operates and what provisions are allowed, such as contributions, distributions and other options. The record keeper is responsible for the processing of all payroll uploads and plan administrative services including tracking participant eligibility, vesting status, as well as providing participants services which include managing the website and providing participants with quarterly statements. FutureBenefits of America is also responsible for the conversion of assets from prior plans or IRA’s and setting up new adopters into the plan.
Benefits:
- Delivers a seamless on-line experience to participants.
- Helps participants determine what they have, what they want, and what they should do.
- Allows participants to determine if they are saving enough in order to meet their retirement income objectives.
- Helps participants determine an appropriate asset allocation based on their risk tolerance and return
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I. T. Robertson Consulting serves as the marketing and distribution provider to the the OPEN 401(k) plan. In this role, the firm provides marketing, analytical and proposal support for the adviser and their prospective clients.
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