Once, offering a retirement plan was sufficient to distinguish progressive employers
from their competitors. Today, with more than 400,000 companies sponsoring 401(k)
plans, simply offering a plan isn’t enough. To truly gain an advantage in attracting
and retaining top talent, leading employers seek to offer great retirement plans.
Financial advisors and third-party administrators play a vital role in this effort
by helping employers create and manage retirement savings plans customized to their
needs and objectives. Unlike bundled plans, in which a single vendor provides all
services and one plan looks very much like another, advisor-led plans can offer
best-in-class providers for every plan service, from investment management to trust
The challenge, of course, is finding the right partners. For the critical role of
trustee, many advisors and third-party administrators turn to Wilmington Trust Retirement
and Institutional Services Company. We provide directed trustee, trust administration
and back-office services for a broad array of qualified and non-qualified retirement
plans, including 401(k), profit-sharing, money purchase pension, defined benefit
and deferred compensation plans, as well as ESOPs.
Our value proposition: advisors manage plan assets
Unlike most retirement plan providers, we do not custody assets or sell investments,
nor do we advocate specific financial products. In fact, we don’t even maintain
a retail sales force. Instead, our advisor partners manage their clients’ retirement
plan assets directly, working with their preferred custodian. This arrangement enables
advisors to tailor plan investments to their clients’ specific needs, whether that
means offering mutual funds, separate accounts, collective funds (including ETFs),
self-directed brokerage windows, and/or company stock. Learn more about our
collective funds capabilities.
Call Wilmington Trust Retirement and Institutional Services Company today
If you are seeking to launch or expand a retirement plan practice, we can help.
To learn more about the services we offer, just click here for a representative specializing in retirement