What We Do

Trust Administration

• Comprehensive reporting. Through our electronic connections to dozens of NYSE member firms, we perform daily data aggregation and reconciliation of all plan investments, including individually directed and separately managed accounts. Our Web-based and static reports include consolidated statements, certified annual trust reports, daily plan activity files and performance reports. We also offer plan-level reporting on realized and unrealized gains and losses.
  
• Cashiering. We process and prepare disbursements on a daily basis, including plan expense payments and participant-related distributions. In addition, we settle trades, allocate contributions, provide cashiering services for individually directed accounts and remit federal and state tax withholding as required.
  

Special Services

• Daily Unitization. We are an industry leader in providing unitization services. Our efficient unitization process broadens the universe of assets available for investment. By calculating a single unit value, we facilitate the use of separately managed accounts, company stock, ETFs and illiquid assets for record keepers that process 401(k) retirement plans.
  
• Individually Directed Accounts (IDAs). Our true open architecture and asset neutrality, coupled with our access to dozens of NYSE member firms, allow plan sponsors to offer plan participants a wide array of investment choices. Leveraging our electronic processing capabilities, we provide consolidated reporting and cashiering services, reducing the administrative burden for TPAs, plan sponsors and auditors.
  
• Revenue Share Management. As part of our commitment to transparency, we practice 100 percent revenue share disclosure. We calculate, collect and pass through revenue sharing amounts for plan clients, allowing plans to offset plan expenses.
  
• Commission Recapture. We establish accounts with mutual funds at the plan level, enabling the broker-of-record to be paid directly. If the plan does not have a broker/advisor, we collect and pass through commissions on behalf of the plan.