Retirement Services:

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 administration.

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. (To learn more about our collective funds capabilities, click here.)

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 plan services.