Corporate Retirement Plans

Counsel Trust Company provides a variety of services for corporate, partnership, and sole proprietor retirement plans. Our consultative, open architecture, and customizable approach assists businesses in making informed decisions regarding the most suitable plan for employees.

Counsel Trust offers trustee services that include research, implementation, and performance monitoring of employer-sponsored retirement plans. For existing plans, we provide a complimentary review to help employers understand potential liabilities, costs, investment performance, and quality. We conduct employee group and individual meetings to offer investment counseling and direction. We manage all transitions between the recordkeeper and investments and also provide ongoing reviews and recommendations for changes.

401(k) Plans

401(k) retirement plans offer benefits to business owners such as attracting and retaining employees, providing tax advantages, and creating retirement security for employees, business owners, and their families. 401(k) rules and regulations are complex and can pose liabilities if not properly managed.

Counsel Trust collaborates with well-known third-party recordkeeping firms to offer efficient and user-friendly 401(k) platforms.

401(k) plans have become the primary retirement vehicle for both large and small businesses. Advantages over conventional pension or profit-sharing plans include:

Employer matching contributions encourage broader employee participation.

Reduced contributions by the employer.

No actuarial/trustee liabilities for under-funded plans.

Employees build their own retirement plans through payroll deferral with tax advantages.

Employees make their own investment decisions.

Properly managed plans help recruit and retain key employees.

Employer matching contributions encourage broader employee participation.