What We Do
As an independently-operated trust company, Wilmington Trust Retirement and Institutional
Services Company partners with other providers in the retirement plan community
to effectively manage fiduciary responsibilities and safeguard retirement plan assets.
We do not offer investment advice, nor do we manage money. Rather, we combine our
expertise in trust administration, fiduciary oversight, information technology and
customer service so that our partners can offer their clients superior retirement
plan solutions. Among the specific services we offer are:
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.
To see a catalog of all the trustee services
that we can provide for you and your clients, click
here.
To learn more about any of the retirement plan services we offer, just click here for a representative specializing in retirement
plan services.