Employee Benefit Services

Trustee Services at Union Bank & Trust

• Directed Trustee and Custodial Services: Our expert team provides directed trustee and custodial services, offering a secure and trustworthy solution for safeguarding your assets.
• Complete Trust Accounting and Reporting: We offer robust trust accounting and reporting solutions to keep you informed and in control of your assets.
• Contribution Processing: Streamline contribution processing from checks, wires, or ACH transfers, making it easy to manage your investments.
• Benefit Distribution Processing: Our services include benefit distribution processing, including tax withholding and 1099 reporting, to simplify the management of your benefits.
• Trust and Custody Services for Non-Mutual Fund Assets: We handle various non-mutual fund assets, including employer stock, pooled funds, separately managed accounts, and self-directed brokerage accounts.

Individual Retirement Accounts (IRAs) at Union Bank & Trust

Whether you’re taking your first step towards retirement planning or need to manage an existing account, our IRA options cater to your specific requirements:

• Traditional IRAs: Explore traditional IRAs for tax-advantaged retirement savings.
• Roth IRAs: Discover the benefits of Roth IRAs for tax-free retirement withdrawals.
• Self-Directed IRA: Take control of your investment decisions with a self-directed IRA. We provide the tools and support you need to manage your retirement portfolio independently.
• Mutual Fund Services: Access our mutual fund services to diversify your investments and optimize your retirement savings.
• Brokerage Services: Our brokerage services offer flexibility and a wide range of investment options for your IRA portfolio.
• Alternate Assets: Our clients can take advantage of opportunities with greater flexibility that most traditional IRA custodians can offer.

Working with Third-Party Administrators (TPAs)

We understand the importance of seamless collaboration with third-party administrators. That's why we offer flexible processing solutions that enhance efficiency and accuracy while maximizing your revenue potential:

• Mutual Fund Trading and Settlement: Our services include mutual fund trading and settlement, ensuring timely and accurate transactions.
• NSCC-Processed Trades: Benefit from trades processed through the National Securities Clearing Corporation (NSCC), a trusted industry leader.
• Plan-Level or Omnibus Trading: Choose between plan-level or omnibus trading options to suit your administrative needs.
• Multiple Recordkeeping Formats: We support multiple recordkeeping formats to accommodate your specific requirements.
• Integration with Trust Accounting Systems: Our solutions seamlessly integrate with trust accounting systems for a holistic approach to administration.

At Union Bank & Trust, we are committed to delivering exceptional employee benefit services that drive your financial success. Whether you're an individual investor or a third-party administrator, we have the expertise and solutions to meet your goals.