Retirement Plans

With a customized Frandsen Bank & Trust plan for your company, you can provide your employees with a superior retirement plan, spend less time on plan administration, and save money on fees.

Potential Cost Savings
  • Complete open architecture
  • Low costs for plan document maintenance, restatement, or amendments

Participant Education and Resources
  • On-site participant education
  • Online educational videos
  • Electronic participant newsletters
  • Online, straight-through requests for loans, distributions, and hardships
  • Online investment fact sheets and prospectuses
  • Annual fee disclosure statements

Fiduciary Support
3(38) Investment Manager
  • Completes the selection and monitoring of investment portfolio in accordance with the Investment Policy Statement (IPS)
  • Monitors fees to ensure they are reasonable
3(16) Plan Administrator
  • Provides employee notices, eligibility tracking, and distribution management
  • Interprets and enforces plan document
  • Ensures IRS and Department of Labor compliance
  • Flexibility in plan design
  • Ability to maintain unique plan design features such as vesting schedule, type and amount of employer match, Roth option, plan loan availability, and hardship

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