JustMe Posted July 13, 2020 Share Posted July 13, 2020 Does anyone know if custodians offer directed trustee services for defined benefit plans? What about TPAs? Does anyone else offer these services? What type of insurance do you carry for such offering? Link to comment Share on other sites More sharing options...
Effen Posted July 14, 2020 Share Posted July 14, 2020 Do you mean can you hire someone to be the Trustee? Most large banks and financial institutions will provide this service, but it generally isn't cost effective, or desired, with smaller pension plans. Luke Bailey 1 The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice. Link to comment Share on other sites More sharing options...
david rigby Posted July 14, 2020 Share Posted July 14, 2020 Find a large nearby bank that offers trust services, and ask. If they don't want your business (perhaps they have a minimum size?), they may be able to recommend someone else. Luke Bailey 1 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
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