Press Release

American Trust Retirement Launches WorkSaveRetire Program

Issued by American Trust

July 17, 2024

Comprehensive retirement solution for advisory firms streamlines plan operations, enhances sponsor satisfaction, improves participant outcomes

PITTSBURGH -- American Trust Retirement, an AmericanTCS business and a leading, full-service provider of retirement plan solutions to advisors serving the small- and mid-sized plan market, today unveiled its WorkSaveRetire program, an innovative retirement solution for advisors that streamlines plan operations, enhances sponsor satisfaction, improves participant outcomes and saves time.

WorkSaveRetire is a comprehensive service package that relieves plan sponsors and advisors of most administrative responsibilities. American Trust Retirement serves as the fiduciary to the plan and its investments.

“WorkSaveRetire addresses the most common refrain we’ve heard loud and clear from advisory firms – Make it simple to offer a retirement plan that helps plan participants achieve the retirement they want,” said Jonathan Duggan, Senior Vice President and National Sales Manager at American Trust Retirement. “By entrusting the operation of retirement plans to us, advisory firms are liberated to focus on servicing their existing clients and expanding their businesses while overseeing and monitoring plan performance in a simple and streamlined way. At the same time, employers can hand off the responsibility and fiduciary liability of running a plan to the experts on our team.”

The WorkSaveRetire solution:

• Scales an advisor’s retirement business – Partnering with American Trust Retirement enables advisory firms to create a scalable model in which they spend more time nurturing client relationships and growing their business while American Trust Retirement handles most plan activities.
• Reduces fiduciary risk – Plan sponsors may have a general understanding of their fiduciary responsibilities. Still, they likely underestimate the personal risks and obligations that come with acting as a fiduciary of a retirement plan. WorkSaveRetire can mitigate much of the fiduciary risk they assume.
• Supports client success – With the WorkSaveRetire team managing the administrative tasks of operating a retirement plan, advisory firms can spend less time resolving plan-related complications and focus on what matters most: running a successful business.
• Delivers better outcomes – A participant’s success depends on various factors, such as contribution levels, investment choices and market conditions. By combining smart plan design features with a focus on participant advice, American Trust Retirement takes the guesswork out of the equation and positions plan participants to achieve their long-term goals.

Duggan added, “With our team handling everything from approving participant distributions and managing plan investments to completing all required annual reporting, there’s never been a better time to work with American Trust Retirement. Firms adopting our plan design features and personalized managed accounts experienced a dramatic improvement in the percentage of participants on track to retire successfully.”

About American Trust Retirement American Trust Retirement is a leading, full-service provider of retirement plan solutions to advisors serving the small- and mid-sized plan market. With offices in Dubuque, Iowa; Memphis, Tennessee; Lexington, Kentucky; Greensboro, North Carolina; and Denver, American Trust Retirement and its affiliates bring together the cornerstones of a quality retirement plan including plan design, fiduciary oversight, discretionary trust services, cost efficiency, service and technology. Visit www.americantrustretirement.com for more information.

About AmericanTCS For almost 50 years, the businesses that comprise AmericanTCS – American Trust Custody, American Trust Retirement, American Trust Wealth, AmericanTCS Fiduciary Services and American Technology Automation – have been collaborating with financial intermediaries to provide successful financial outcomes for them and their clients. AmericanTCS is dedicated to delivering exceptional customer service and innovative technology to create operational efficiencies and competitive advantages. By prioritizing strong relationships and continuous collaboration, AmericanTCS aims to establish itself as the go-to services partner in today’s ever-evolving marketplace, fulfilling its mission of creating financial security for all Americans. Visit www.americantcs.com to learn more.

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