Employee Benefit Services

UB Trust Division offers bundled and un-bundled 401(k) options. We will work with you to determine the best solution for your company. A bundled solution will provide investment management, recordkeeping and custody services in a daily or balance forward environment. Un-bundled services allow you the convenience of picking from a large pool of investment managers and recordkeepers while we handle the trustee and administrative duties.

Services provided

  • Provide plan documents for employee benefit plans
  • Review plan documents for compliance
  • Provide directed trustee services for employee benefit plans
  • Provide recordkeeping services for employee benefit plans
  • Work with plan administrator, external recordkeepers, and/or plan sponsors on issues that may arise
  • Provide 5500s for employee benefit plans as requested
  • Make monthly or periodic distributions from accounts for pension payments, loans, or payment of fees as directed
  • Provide federal and state tax withholding and annual 1099 reporting

UB Trust Division also offers:

Individual Retirement Accounts

Whether you are opening your first retirement account, making an annual contribution, transferring or converting an existing account or rolling over an employer-sponsored retirement plan, we offer alternatives to meet your individual situation.

  • Traditional IRAs
  • Roth IRAs
  • Self Directed IRA
  • A self-directed IRA is ideal for those individuals comfortable with making their own investment decisions. We provide the capabilities you need to plan and manage your retirement portfolio.
  • Mutual Fund Services
  • Brokerage Services

Working with Third Party Administrators

We provide third party administrators (TPAs) with flexible processing solutions that maximize efficiency, accuracy, and revenue.

  • Mutual fund trading and settlement
  • Trades processed through the National Securities Clearing Corporation (NSCC)
  • Plan level or omnibus trading available
  • Multiple recordkeeping formats
  • Fully integrated with trust accounting systems

Trustee Services

We can do it all... allowing you to make your customer relationship stronger.

  • Directed trustee and custodial services
  • Complete trust accounting and reporting
  • Contribution processing from checks, wires, or ACH transfers
  • Distribution processing includes tax withholding and 1099 reporting
  • Trust and custody services for non-mutual fund assets
  • Employer stock
  • Pooled funds
  • Separately managed accounts
  • Self-directed brokerage accounts


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©2019 Union Bank & Trust. All Rights Reserved

Products and services offered through the Trust Division of Union Bank & Trust are not insured by FDIC, are not a deposit or other obligation of, or guaranteed by, the depository institution, and are subject to investment risks including possible loss of the principal amount invested.