Retirement Plan Services

As a business owner or top executive, you know the value of a retirement program that helps attract and retain great talent. You care about the financial futures of your employees.

But figuring out and maintaining a retirement plan - one that meets your own financial and business needs as well as benefits your employees - can be daunting. Where do you start?

Diverse Goals = Diverse Plans

Trust Company of Illinois’ retirement plan services team understands what business owners and executives expect to gain from their retirement plan. We start by helping you identify your goals:

  • Do you want your employees equipped to retire at normal retirement age with adequate income?
  • Do you want to maximize contributions for owners or certain employees?
  • Do you want to encourage employee contributions?
  • Do you want to improve the design of your retirement plan to reduce your current costs?

Our plans are as diverse as the companies we serve. Implementing the right retirement plan with the right features for you and your company is the first step in ensuring the success of the plan.

Who We Serve and the Plans We Handle

Trust Company of Illinois has excelled at providing unparalleled service to the small- and mid-sized business community. Our client organizations range in size from a few employees to several hundred employees. Many professional firms, such as law firms and medical groups, have trusted us to provide plans and guidance for their complex retirement plan needs.

Our clients rely on us for:

  • 401(k) Profit Sharing Plans
  • Profit Sharing Plans
  • 403(b) Plans
  • Defined Benefit Plans
  • Cash Balance DB Plans
  • SEP IRAs
  • Non-Qualified Plans

Simplification

Our goal is to provide exceptional service in a way that makes your involvement with your retirement plan simple and understandable. Your core business is not to deal with your company retirement plan. Let it be ours. Our highly-experienced professionals have dedicated their careers to serving clients like you, with specific expertise in plan design, administration, compliance, recordkeeping, investment management and employee education.

Anticipating Your Needs

A deep client relationship translates to proactive service. Because we aren't a big-box service provider, when you call us for help you don't get a call center. You deal with one advisor who knows you. We are not just responsive to your needs, we aspire to anticipate your needs. To accomplish this, we get to know your organization from the top to the bottom, and we deal with every aspect of your plan. Many service providers handle only a portion of your retirement program. With Trust Company of Illinois, your experience starts and ends with us. Our fully-bundled service model includes:

  • Plan Design Consulting
  • Plan Document Drafting & Maintenance
  • Annual Administration/Compliance/Filing
  • Daily Recordkeeping and Transaction Processing
  • Participant and Sponsor Access Via Web/Phone
  • Fiduciary Investment Management and Advice
  • Employee Communications
  • In-person Participant Education
  • Plan Sponsor/Committee Meetings
  • Discretionary or Directed Trustee Service, and Complete Audit Support

As your business changes, retirement regulations change, employees change, and your plan objectives change, so too will your plan's design and procedures change. We continually work with our clients to adapt and modify plans as needed. One thing that doesn’t change is our commitment to excellent service.

A True Fiduciary Partner

Our business frees you up to lead your business. We assume the fiduciary responsibility that comes with evaluating, selecting, and monitoring investment options for your employees’ retirement plan. Trust Company of Illinois’ oversight ensures that a qualified plan has the appropriate menu of investment options given employees’ circumstances, goals and risk tolerance.

Not only will we monitor the investments and make changes to the plan as needed, but we will also engage your employees and assess their financial behavior to find the best fit. When you hire Trust Company of Illinois, you rely on a fiduciary investment manager and advisor per ERISA Sections 3(21) and 3(38).

Resources

In addition to providing a comprehensive website loaded with tools and resources, we also educate your employees on how to achieve maximum value from their participation. This includes group presentations as well as one-on-one meetings with employees. Our retirement plan experts are backed by the collective wisdom of our investment committee, financial planners and wealth management advisors, a team with hundreds of years of combined experience.