The Perfect Partner for Third Party Administrators & Recordkeepers

Utilizing a team oriented client service model we provide each client a single point-of-contact person to develop a close collaborative relationship that ensures highly personalized service. Each service team is headed by a Relationship Manager and supported by multiple Client Managers who work directly with clients to coordinate the various aspects of file sharing, trading, settlement, accounting and reporting.

Benefit Trust partners with multiple Third-Party Administrators and recordkeepers to provide a complete trading platform and fiduciary outsourcing solution for qualified and non-qualified plans. Utilizing a direct connection to the NSCC, our operations business unit provides an automated trading solution in a full open architecture environment to both NSCC eligible investments as well as Non-NSCC investments. Employing a proprietary file management and trading systems which are supported by the industry’s leading trust accounting systems, the operations business unit processes thousands of trades, hundreds of payrolls and countless distributions on a daily basis.

Services

From the everyday need to the out of the box request, details of your trust, custodial and trading needs are supported by Benefit Trust’s proprietary trading system and industry leading trust accounting system. Designed to deliver you the highest level of service available, we provide: 

• Automated links to commercially available and proprietary recordkeeping systems
• Late-day / as-of trading across mutual fund families
• Omnibus or plan specific mutual fund trading and accounting
• Ability to include wrap fees into unitized investments
• Flexibility and multiple options for contribution processing and benefit payments
• Dedicated Conversion Support team to ensure timely and orderly conversion
• Certified trust statements  

Reporting

Benefit Trust will serve as either directed trustee or custodian, holding legal title to plan assets while asset management and disposition decisions are directed by other fiduciaries. With our services, you have access to:

• Industry leading trust accounting system
• Certified annual trust statement including
• 5% reportable transactions
• On-line, real-time account access for inquiry and account statement delivery
• Disbursement registers reflecting payment history
• Electronic file transmissions include:
  • Daily cash reports
  • Daily security positions
  • Daily trade confirmations
  • Acknowledgements at Plan level
  • Dividend files

Systematic Trading

Benefit Trust’s proprietary trading system provides a front-end interface directly with multiple recordkeeping systems and an efficient back-end interface directly with the NSCC. The trading platform saves time and money while maintaining trading accuracy by serving as your single source for trading and support. The trading interface facilitates:

• Direct trading link to the NSCC via DCC&S
• Ability to trade any U.S. NSCC eligible fund
• Willingness to trade non-NSCC funds
• Trade execution and late-day settlement
• Cash reconciliation

Paying Agent

Benefit Trust assumes complete responsibility for benefit payment processing relieving you of complex, time consuming duties. Benefit Trust ensures that distributions are completed accurately and efficiently.

• Lump-sum paymentsPeriodic or recurring payments
• Form 945 withholding and submission
• Annual 1099-R preparation and mailing
• Daily check registers
• Stale check reports
• Automated disbursement file layout
• Paperless loan processing

Unitization

Blending the advantages of technology and industry experience, Benefit Trust possesses unique capabilities to support your need to create and deliver unitized funds. Benefit Trust accesses daily factors, position and transaction information and daily pricing feeds from industry leading pricing services to create a daily unitized price that is provided electronically to you. We support:

• Employer securities
• GIC’s
• ETF’s
• Fund-of-Funds
• Separately managed accounts